Financial Times FT.com

Hedge fund Krom swaps City for low tax and easier Swiss lifestyle

By James Mackintosh

Published: September 8 2008 03:00 | Last updated: September 8 2008 03:00

A London hedge fund has taken the rare step of quitting the City for Switzerland, in part to lower its tax bill.

As Europe's leading centre for the hedge fund industry, London is more used to seeing funds set up than leave.

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