|Jean-Philippe Blochet, senior partner at London-based Moore Capital Management, has moved to Zurich, Switzerland. According to Bloomberg, Mr. Blochet will be joined by Kornelius Klobucar, another portfolio manager.|
Blochet is part of a trend that sees growing numbers of high-net worth individuals leaving the United Kingdom, including Alan Howard, the founder of Brevan Howard Asset Management. The country has recently raised the top-tier income tax rate from 40% to 50%. Switzerland’s looser regulations and negotiable tax rates are attractive aspects for these managers.