Hacker News Reader

There are many large funds with offices in Miami, including Millennium, Och-Ziff, BridgeWater, Citadel, Balyasny, Point72, Two Sigma, Maverick Capital, GLG and Starwood. Citadel and Starwood moved their headquarters to Miami. Crain says Guggenheim is moving to Miami.

View on HN

I don’t know about these specific finance firms but in Texas companies move corporate headquarters for tax benefits but don’t move the workers.

Space X and Tesla made a big deal about moving to Texas but it was recently announced they are closing the small engineering teams and moving the ‘engineer headquarters’ back to Silicon Valley.

Miami is definitely a hub for traditional private equity, but partially that is owners wanting lower tax and who were already splitting time between the NY area and FL. In many cases the main bulk of operations stay in the NY area, with a smallish 'HQ' in FL.

Not sure this will translate into tech oriented funds.

Reply on news.ycombinator.com