Submitted by Tyler Durden: Back in September 2012 we first presented “the world’s biggest hedge fund nobody had ever heard of”: a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio’s Bridgewater, the world’s largest hedge fund.
How had the little firm operating out of a non-descript office building in Nevada achieved this claim to fame? By managing the cash hoard (now well over $200 billion) of the world’s biggest and most valuable company: Apple.
But what was perhaps more notable is where Braeburn was physically located: Reno, Nevada.
We explained the company’s choice for location with one simple word: “taxes,” or rather the full, and very much legal, avoidance thereof.
Three and a half years later we encounter this quiet Nevada town once again, and once again it is Reno’s aura of tax evasion that brings is to the world’s attention courtesy of a Bloomberg report discussing “The World’s Favorite New Tax Haven.”
Only instead of Apple this time, the focus falls on a far more notorious company: the Rothschilds.
How had the little firm operating out of a non-descript office building in Nevada achieved this claim to fame? By managing the cash hoard (now well over $200 billion) of the world’s biggest and most valuable company: Apple.
But what was perhaps more notable is where Braeburn was physically located: Reno, Nevada.
We explained the company’s choice for location with one simple word: “taxes,” or rather the full, and very much legal, avoidance thereof.
Three and a half years later we encounter this quiet Nevada town once again, and once again it is Reno’s aura of tax evasion that brings is to the world’s attention courtesy of a Bloomberg report discussing “The World’s Favorite New Tax Haven.”
Only instead of Apple this time, the focus falls on a far more notorious company: the Rothschilds.