Peninsula launches campaign weeks after David Cameron asks overseas territories to 'get houses in order' over tax Gibraltar is home to 150 hedge funds, managing £3bn of assets. Photograph: Design Pics Inc/Rex Features Gibraltar is launching a campaign to persuade hedge funds to ditch their plush Mayfair offices for the low taxes of "the Rock". Fabian Picardo, chief minister of the British overseas territory, said multimillionaire hedge fund managers should quit London for Gibraltar because it's "much cheaper", while promotional material promises they are "unlikely to be liable for corporation tax". Picardo, who has made attracting hedge funds a key aim of his administration, last week...
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