Hedge fund manager Ken Griffin thinks that Miami can replace NY as the financial epicenter. This prediction is based on concerns over increasing crime rates, which may lead these firms to relocate to Miami due to its business-friendly environment and lower taxes. “MIAMI represents the future of America”.
"Miami, in my opinion, symbolizes the future of America."
During the Citadel Securities Global Macro Conference in Miami, Griffin stated, "Miami, in my opinion, symbolizes the future of America." He commended the city for its remarkably robust economy. The NY Post obtained a transcript of his remarks.
160 financial firms have left Wall Street
As reported by the Post, a total of 160 financial firms on Wall Street have relocated from New York City in recent years. Out of those, 56 have chosen to move their operations to Florida, resulting in a significant outflow of $1 trillion in financial assets from Manhattan.
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