Paul Tudor Jones to Open Palm Beach Office

[dealmaker]

Florida lures money managers

Florida's long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal tax law that hits residents of high-tax states. The Sunshine State's most recent conquests are two of the founders of I Squared Capital, Sadek Wahba and Adil Rahmathulla, who are relocating to Miami from New York. (Investment News)

 

[murray t turtle]

Florida lures money managers

Florida's long-running effort to lure Wall Street hotshots is gaining traction thanks to a provision in the federal tax law that hits residents of high-tax states. The Sunshine State's most recent conquests are two of the founders of I Squared Capital, Sadek Wahba and Adil Rahmathulla, who are relocating to Miami from New York. (Investment News)

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IBKR founder also.

 

[murray t turtle]

[PartialQUOTE="londonkid, post: 4142781, member: 271227"]excuse my ignorance but can the attraction of Miami be attributed to:

preferable climate
removal of need to be located near NY/Chicago trading floors

lower commercial office rents

I would be interested to know.

GT.[/QUOTE]
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NO state income tax;
climate, +not many believe in climate change.Besides,when you get more old ,you dont like more cold. Palm trees do look cool.

 

[speedo]

Climate?...Summer is like a sun lamp in a sauna.

 

[murray t turtle]

Climate?...Summer is like a sun lamp in a sauna.

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Its like a little girl said'' i dont want to go to Disneyworld ''; prefer a air conditioned hotel LOL Some like the swamp.

 

[Zodiac4u]

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Its like a little girl said'' i dont want to go to Disneyworld ''; prefer a air conditioned hotel LOL Some like the swamp.

Not so, Florida has a lot of coastline and has two large bodies of water to boot, the Golf of mexico and the Atlantic ocean. Both sides have different weather depending on how far south or north you are.

 

[murray t turtle]

Not so, Florida has a lot of coastline and has two large bodies of water to boot, the Golf of mexico and the Atlantic ocean. Both sides have different weather depending on how far south or north you are.

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Sorta like the AZ chamber of commerce said, of summertime time heat, ''its a dry heat??'' LOL

 

[Zodiac4u]

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Sorta like the AZ chamber of commerce said, of summertime time heat, ''its a dry heat??'' LOL

I've been to that part of Florida, its called Orlando in the summer, Florida is the state i explored during my younger years. If i can recommend a part to visit, it would probably be the Saint Augustine area. A neat little pirate town, it sorta has this weird vibe about it. The people are very friendly and the evening atmosphere is great. Cool breezes off the Atlantic add to the charm.

 

[murray t turtle]

I've been to that part of Florida, its called Orlando in the summer, Florida is the state i explored during my younger years. If i can recommend a part to visit, it would probably be the Saint Augustine area. A neat little pirate town, it sorta has this weird vibe about it. The people are very friendly and the evening atmosphere is great. Cool breezes off the Atlantic add to the charm.

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Some may see a cryptic PTJ going south message here; i dont LOL. BUT SPY did take a little dip; EEM+ T are very south below 50 dma. QQQ +tech stocks still look strong even if its a bit late in the year. Cool[Edit remark i dont blame EEM dowTrend on tariffs or late in the year= looks like selling low PE , going lower, even though see some upticks for so much selling,2018,LOL]

 

[Zodiac4u]

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Some may see a cryptic PTJ going south message here; i dont LOL. BUT SPY did take a little dip; EEM+ T are very south below 50 dma. QQQ +tech stocks still look strong even if its a bit late in the year. Cool[Edit remark i dont blame EEM dowTrend on tariffs or late in the year= looks like selling low PE , going lower, even though see some upticks for so much selling,2018,LOL]

Yes for sure, i have seen the same. Great minds do think alike