The New York Post reports that Connecticut Gov. Jodi Rell "wrote to Timothy Selby, president of the New York Hedge Fund Roundtable, last Friday warning him that a proposed $50 million tax on certain hedge-fund managers is still alive in Albany -- and that's a great reason to move their businesses and jobs to her side of the border."Last month, New York Gov. David Paterson endorsed a plan to begin taxing the carry of hedge-fund managers who work in New York--up to 7.85%. Mayor Mike Bloomberg opposed the tax.
Selby told the Post:
"I'm encouraged that there is a politician who would have such an appreciation for this sector of the financial-services industry," and noted that hedge funds could easily relocate."This is an industry that can work from a laptop anywhere in the world," he said.