Some hedge funds are expanding in Miami — but its share of prized portfolio managers has fallen

Israel

One takeaway from Miami's annual hedge fund week earlier this year was the lack of attendees with plans or desires to relocate to Florida, which has for years been talked about as a cheaper, warmer alternative to high-tax cities like New York and San Francisco. The narrative took off during the onset of the pandemic, when finance pros forced to work remotely found they could do their jobs poolside, and has turned political as billionaire founders and investors such as Sergey Brin and Peter