Why More And More Hedge Funds Are Moving To Palm Beach

The latest buzz on Wall Street is all about the migration of hedge funds to warmer, sunnier locales — in particular, Palm Beach County in Florida.

The county has created the Palm Beach County Business Development Board to help encourage and attract firms, especially those in financial services, to the area.

Kelly Smallridge, who runs the Palm Beach County Business Development Board, told the New York Post, “We’re not doing a multimillion-dollar marketing campaign. We don’t need to. They’re coming to us.”

The New York Post and Dealbreaker have discussed some of the reasons why hedge funds like Apex are moving down the coast.

People aren't just going there for the fun and sun — Palm Beach also makes business sense, too.