Goldman Sachs Considering Opening Hub In South Florida: Bloomberg

Citing unnamed sources, Bloomberg reported that the Wall Street heavyweight is considering establishing a hub for its asset management arm in South Florida.

The move would be another blow to New York. The pandemic has accelerated a trend already underway in the city: white-collar workers leaving because of the high costs. 

The news outlet said factors behind the thinking include the weather, taxes and the experience of working remotely during the pandemic. 

, Elliott Management Corp. and Citadel have already built up their presence in Florida, Bloomberg reported.