Millennium Management, one of the world’s largest hedge funds, is planning to open an office in Athens, according to people familiar with the situation, as the Greek government launches a charm offensive to woo global investors. Rahul Chopra, senior portfolio manager at Millennium, is expecting to move to Athens from London, the people said. Millennium and the Greek finance ministry declined to comment.

The move comes after a new tax scheme unveiled by the Greek government this summer targeting private equity and hedge fund executives. Billionaire hedge fund manager Chris Rokos, founder of Rokos Capital Management, is moving his tax residency from the UK to Greece. Qualifying relocators pay 5 per cent on bonuses and carried interest, versus the standard 15 per cent, but must spend €3mn a year on running expenses.

New York-based Millennium runs more than $97bn in assets under management and employs more than 7,000 people. It has more than 360 investment teams trading across all asset classes. The new Athens office fits Millennium’s pitch that staff and portfolio managers can have significant geographic flexibility. There are no specific headcount targets, but the outpost is expected to grow in line with demand from traders.