Zero Hedge is kind of a troll.
What makes it a hedge fund? That they set up a sub to manage their cash? No indication they're taking risk to generate alpha like a macro fund such as Bridgewater. It's not a hedge fund by any definition.
Where's the tax dodge? That they set it up in Reno, maybe because of some state corporate income tax angle? What does looking for 'legal tax loopholes' even mean?
The linked NYT article from April is pretty interesting and was discussed here -
http://news.ycombinator.com/item?id=3903694
Empty linkbait... slap up a headline with Apple and 'hedge fund' and people will click on it.
In other news, boy trapped in refrigerator eats own foot.
