Alan Howard, co-founder of hedge fund firm Brevan Howard Asset Management, has become a resident of Switzerland, joining a growing list of hedge fund founders and financial entrepreneurs relocating from the UK in response to sweeping tax changes, according to a report by Bloomberg.
Howard, one of Britain’s wealthiest hedge fund managers with an estimated net worth of $4.3bn, moved from the UK earlier this year, according to an analysis of public registry filings. Bloomberg previously reported in 2024 that the macro hedge fund founder was considering a move abroad. A spokesperson for Howard declined to comment.
The relocation underscores mounting concern within the UK’s alternative investment community following tax reforms introduced under Prime Minister Keir Starmer’s Labour government. Measures include higher taxes on private equity and investment income, changes to capital gains and inheritance tax, and the abolition of the long-standing non-domiciled tax regime in April, accelerating a broader exodus of high-net-worth individuals.
Several prominent figures in alternative assets have already left the UK. Real estate investors Ian and Richard Livingstone have moved to Monaco, while private equity veteran Jeremy Coller has established residency in Switzerland, a jurisdiction that continues to position itself as a competitive hub for global wealth and asset management.
Howard, 62, co-founded Brevan Howard in 2002 and previously spent several years managing capital from the firm’s Geneva office before returning to the UK in 2017. It remains unclear whether he is once again basing himself in the same Swiss canton, which recently cut income tax rates as part of efforts to enhance international competitiveness.
Despite his relocation, Howard has remained politically active in the UK, donating more than £1.5m to the Conservative Party since 2020, according to Electoral Commission data, including contributions made after Labour’s election victory last year.
