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’Delaware is where it’s at
So all those hedge funds that are threatening to pull out of the UK and move to Switzerland amid the threat of more draconian EU legislation should really be heading for… beautiful downtown Delaware!
That’s according to the latest findings from the 2009 Financial Secrecy Index,
Another day, another Mac Bank deal
Lo and behold in Sydney and Shanghai — more deal-making in the steady metamorphosis of Australia’s acquisitive Macquarie Group.
Mac Bank, which is moving away from its old business model focused on listed infrastructure funds and looking increasingly to the US and Asia,
‘Teflon’ Mac Bank — onwards and outwards
Australia’s amazing Teflon-coated Macquarie Group is metamorphosing as we write – heading speedily down the path of funds management as it discreetly winds back its listed infrastructure funds business.
The battle for corporations, or North Dakota vs Delaware
For years Delaware has been the preferred US state for corporate charters.
In fact, Delaware’s website is chock-a-block with sales pitches to attract new companies. For instance, we’re told that,
More than 850,000 business entities have their legal home in Delaware including more than 50% of all U.S.