Hedge funds and financial professionals have increasingly chosen Florida for its low taxes and business climate, even amidst looming risks from hurricanes.
"We took the plunge with our eyes wide open," said Jack Ablin, reflecting on the risks faced by hedge funds operating in hurricane-prone Florida.
Despite the looming risks of hurricanes, hedge fund managers believe the advantages of lower taxes and a favorable climate in Florida outweigh the potential costs.
Executives have moved their personal residences to Florida during the pandemic, showing a commitment to maintain operations there despite potential weather threats.
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