Florida’s warm weather and lack of a state income tax have lured wealthy Americans for years. But until 2020, the region struggled to peel away the rainmaking class from Wall Street’s most elite firms. Most hedge funds that relocated to the state were relatively small. Now the migration of larger financial firms and money managers is showing signs of gaining momentum.
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Goldman plots Florida base for Asset Management in a blow to New York
“We are executing on the strategy of locating more jobs in high-value locations throughout the U.S., but we have no specific plans to announce at this time,” a spokesman for Goldman Sachs said in an emailed statement.
