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For now, investors in London and abroad seem to have taken the British fund moves in stride.
But on an after-tax basis, the fund moves up into the ninth percentile among its peers.
The government introduces a permanent tax on oil profits, to fund moves to a low-carbon economy.
Josh, having lost $385,000 of his parents' retirement fund, moves home to a suburban nowhere, vowing to sleep on the couch until he recoups the losses.
Yet if a hedge fund moves from London to Geneva, it does not reduce the risk of the British financial system one jot.
That may be near the middle of the pack, but after taxes, the fund moves up to the 32nd percentile among its peers.
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Many state officials said a gas tax could help the fund move back toward a pay-as-you-go approach and reduce its high debt costs.
When the fund moved to eliminate the program earlier this year, the camps agreed to plug the hole in the budget to keep it alive, Mr. Rose said.
In 2005, when Sandeep Sabharwal, fund manager and head of equities at SBI mutual fund moved out to join Lotus Mutual fund, the fund went into a crisis.
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