If you considered Austin, consider Houston, especially if your firm invests or would like to invest in energy. I'm sure you can steal some smart physicists from the space program and energy companies if you can make it worth their while. Northern Virginia is also good for finding PhD's who went to go work for the government in DC.
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Cities for starting a prop firm/hedge fund?
- Thread starter misaki
- Start date
divide the traders into two groups:
Profitable:
South Florida
Unprofitable:
Antarctica
Profitable:
South Florida
Unprofitable:
Antarctica
Quote from EliteTraderNYC:
divide the traders into two groups:
Profitable:
South Florida
Unprofitable:
Antarctica
Quite the contrary for me, besides considerations about my non equity trading business, I would like move to a polar/subpolar area if I could find there schools at least in english for the kids and friendly tax regulations - plus the Guld Stream warming the place, it looks much bleaker in north america, pretty crazy to see Montreal, roughly on the same latitude as Geneva, beeing (sometimes much) colder than most northern Scandinavia in winter, pretty much on par with Svalbard . It doesn't stop people telling me that Montreal is a great place btw.
Plus rather fed up with hot weather.
Also what about Amsterdam to settle in Europe ? I read a couple of times it's a popular place for hedge funds and independant traders, but I'm not fascinated with the city and haven't investigated much of its trading related benefits. But it seems one doesn't pay cap gains tax, rather a 1.4% tax on capital, and possibly one can deduct expenses from it.