It is always valuable to look at the past to provide a rough index of the future, however there are times in life where certain things couldn’t have been anticipated yet become very exciting over time – like Miami now becoming a hub for hedge funds, family offices and other institutional investors. But why?
First and foremost, without geeking out too much, the world has changed and now capturing the best data/insights as a hedge fund doesn’t necessarily require you to be near the NYSE for the purposes of latency and other technical factors. The same applies to commodity traders operating in Chicago and all sorts of other investors/speculators who are passionate about their field.
Secondly, even though we all love Manhattan along with other areas that get hit hard in the winter, why not live in paradise throughout the year (aka Miami) and use the power of technology to operate there or anywhere else in the world? It’s becoming increasingly more possible now.
Lastly, in the future we predict this shift to continue, and are excited to be guiding hedge funds in these areas. More to come soon.