Financial Services partner Neil Robson spoke with Reuters regarding the concerns of British hedge and private equity fund managers over the potential return to power of the Labour Party. A number of fund managers are seeking legal advice to understand how Labour's approach to taxation, nationalization and other policies might affect business. Neil noted that taxes are of particular concern to star hedge fund performers, stating, "Anybody who's a high earner is potentially going to take a hit." He also indicated that the possibility of additional taxes on assets such as foreign property holdings is a "significant cause of disquiet," even though Labour has not announced any such plans.
Several news outlets, including The New York Times, Yahoo UK, US News & World Report and NASDAQ have shared the article. ("UK Hedge, Private Equity Funds Seek Legal Advice on Life Under Labour," November 27, 2018)