America's Greenwich Town is a globally-renowned hedge fund town, where many headquarters of famous hedge fund companies like AQR Capital Management, Viking Global Investor are located.

On December 8, 2015, Beijing Fund Town Management Committee went to America, meeting Peter J. Tesei, chief of Greenwich Town with the accompanied by Bruce McGuire, president of America Connecticut State Hedge Fund Association and Liu Jing, chairman of board in Winsor Global Company, which realized handshake between two fund town across the Pacific ocean.

During the meeting, Peter J.Tesei introduced the history of Greenwich, process, current state and reasons of agglomeration of the fund industry, answering questions put forward by Beijing Fund Town.

They also participated in the discussion with companies like small and medium size hedge fund company, Quadratic Capital, which managing over 400 million dollars, and the world's second largest hedge fund company AQR Capital Management, LLC (managing assets of 135.3 billion dollars).

Listening to condition introduction from various perspectives made by Bruce McGuire, president of America Connecticut State Hedge Fund Association, Miss Marcia O' Kane, president of the Chamber of Commerce of Greenwich Government, president, lawyers, accountants in Winsor Global Company.

Greenwich was established in 1640, with area of 124km2, population of 61,000, located 48km northeast of New York, being the portal for entering into New England area. For a long time, Greenwich is an agriculture town. It developed in the direction of non-agricultural economy in the beginning of 20th Century, especially after "911" event when lots of high-end finance talents in Manhattan, New York settled in Greenwich, headquarters of many financial institutions moving to Greenwich subsequently.

Main factors of Greenwich becoming a globally-famous fund industry agglomeration area include:
1. Superior location

Greenwich is the portal for entering into New England with an important position. It's very close to Manhattan, New York, with a distance of only 48km, less than one hour by car and no more than 50min by train. It takes only 15 minutes to drive from Stanford. Lots of business of fund company needs to be done in New York. Besides, young employees insisted in living in Manhattan for the convenience of communication.

2. Beautiful environment and complete support facilities

Greenwich is a good place for taking holidays, purchasing houses, attending school, where people can enjoy beautiful environment and great facilities outside the city. Founders of fund companies all live here practically. Greenwich has a coastline of 32 miles, great harbor, 20 parks, 11 primary schools, 3 junior high schools, 1 senior high school and 6 private schools. Students in senior high schools are from over 30 countries. There are also 14 private clubs, with many cultural facilities, including Greenwich symphony orchestra, chorus, museums, art galleries, etc.

3. Low taxation

Greenwich belongs to Connecticut, whose taxation is far lower than New York. The individual income tax rate in Connecticut is only 6.7%, while that of New York is 8.9%. It also has the lowest house property tax among all states in America.

4. Loose supervision

Greenwich encourages the development of hedge fund, having a looser supervision environment compared with New York who executes strict supervision policies over hedge fund.

5 Low rent

Greenwich Town has Type A and B offices for about 446 thousand square meters, the average rent for type A office is 66.73 dollars per month for each square foot.

6 Convenient transportation

There are two expressways around the Greenwich Town as well as 5 airports and 4 train stations within 2 hours' drive. It only needs 50 minutes ride to New York by subway.

7 Concentrated industry

Greenwich Town is gathered with a lot of asset management companies, security companies and banks and it also has multiple corresponding financial companies, law offices, accountant offices and other institutes.

8. High-profile

Greenwich Town is one of the richest towns in the USA with the good name of "Town of Manors". It is called the "camp of hedge fund" and enjoys extremely high reputation in the whole world.

In the meeting, all the American peers said they were full of expectations on the construction of Beijing Fund Town in the capital of China and hoped to further intensify the communication and cooperation in the future.