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Schonfeld Plans New Florida Hub as Hedge Funds Move South

  • New York-based firm to open second headquarters for 100 staff
  • Hedge funds are choosing to expand in tax-friendly Florida
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Photographer: Joe Raedle/Getty Images

Another hedge fund is putting down roots in tax-friendly Florida.

Schonfeld Strategic Advisors is opening an office in the Sunshine State that will serve as its second headquarters for about 100 staff, according to Ryan Tolkin, the firm’s chief investment officer.