Paul Tudor Jones of Tudor Investment Corp. left Connecticut "for Florida, a lower tax state, in 2016, according to a residence filing in Palm Beach County," Bloomberg News reports.
We've reported here in the past on hedge fund manager Leon Cooperman's move to Florida and hedge fund manager David Tepper's move to Florida. Bruce Kovner and Bill Miller are also there. Bruce Berkowitz moved his fund to Florida from New Jersey in 2006. A Fortune article reported:
The warm weather in southern Florida was certainly a factor in the decision, as was the absence of a state income tax. But Berkowitz says the biggest reason was that he wanted to put some space between himself and Wall Street. In Short Hills, his office was in a building with several other money-management firms. And no matter where he went in town, he was in danger of running into know-it-all investors who might pollute his thinking. "I had to get away," he says.
It's almost in danger of getting to the point where if someone really wants to get away from other money managers, he or she might need to start thinking about leaving Florida rather than moving there.
