Some hedge funds are expanding in Miami — but its share of prized portfolio managers has fallen

Miami has been working to become a magnet for Wall Street and tech companies. MikeDot/Getty Images Investing head count based in Miami for the industry's biggest firms decreased from last year. Regulatory filings show Citadel, Millennium, Point72, Balyasny, and more with reduced Miami headcounts. The Magic City has been pitched as a cheaper, warmer alternative to New York. One takeaway from Miami's annual hedge fund week earlier this year was the lack of attendees with plans or desires to ...