Key Takeaways
- • London-based hedge fund Capula Investment Management, which manages more than $35bn in assets, is exploring establishing an office in Athens, according to Bloomberg.
- • Capula is seeking to recruit an executive to oversee the potential Athens launch, per a job advertisement; no final decision has been taken and the firm declined to comment.
- • Capula's consideration follows Millennium Management establishing an Athens office, with London-based portfolio manager Rahul Chopra among staff relocating, and Verition Fund Management also exploring a Greek presence.
- • Greece is attracting hedge fund firms and senior executives through tax incentives aimed at wealthy individuals, with Rokos Capital Management founder Chris Rokos having disclosed plans to move his tax residency from the UK to Greece.
Summary
London-based hedge fund Capula Investment Management is exploring plans to open an office in Athens, joining a growing group of major hedge fund managers considering operations in Greece, according to a report by Bloomberg. Capula, which manages more than $35bn in assets, is seeking to recruit an executive to oversee the potential launch, according to a job advertisement. The plans remain at an early stage, and no final decision has been made. A spokesperson for the firm declined to comment.
The move follows similar expansion plans by multistrategy hedge funds Millennium Management and Verition Fund Management. Millennium is establishing an Athens office, with London-based portfolio manager Rahul Chopra among the employees relocating to Greece. Verition is also exploring a presence in the Greek capital.
Greece is increasingly attracting hedge fund firms and senior industry figures through tax incentives aimed at wealthy individuals. Last month, Rokos Capital Management founder Chris Rokos disclosed plans to transfer his tax residency from the UK to Greece, reflecting a broader shift among hedge fund executives considering alternatives to London.
The move follows similar expansion plans by multistrategy hedge funds Millennium Management and Verition Fund Management. Millennium is establishing an Athens office, with London-based portfolio manager Rahul Chopra among the employees relocating to Greece. Verition is also exploring a presence in the Greek capital.
Greece is increasingly attracting hedge fund firms and senior industry figures through tax incentives aimed at wealthy individuals. Last month, Rokos Capital Management founder Chris Rokos disclosed plans to transfer his tax residency from the UK to Greece, reflecting a broader shift among hedge fund executives considering alternatives to London.
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