The Soaring Swiss Franc Is Leaving Expat Hedge Fund Staff With No Cash

``British hedge funds that relocated to Switzerland in an attempt to avoid rising UK taxes are now being hit by the soaring Swiss Franc, reports The Telegraph. The majority of the hedge funds involved -- such as Brevan Howard and Amplitude Capital -- pay their staff in US dollars. Now, with the seemingly gravity defying rise of the Swiss Franc, their spending power is being greatly reduced.''