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Gawker Publishes Mitt Romney’s Offshore Hedge Fund Holdings

New York (HedgeCo.Net) –  More than 950 pages of hedge fund audits, statements, and investor letters have been published by online magazine Gawker, naming over 20 entities the presidental hopeful has invested in.

Gawker reveals:

“Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. “

The Guardian reports:

“The Romneys are also investors in Absolute Capital Return Partners, a Delaware-based partnership that uses a technique called equity swapping to avoid tax. Equity swaps allow investors to exchange gains and losses on investments without taking ownership of the asset. The Internal Revenue Service has expressed concerns that swaps may have allowed investors to avoid paying billions of dollars on dividends.”

Romney says he won’t disclose his financial records as his family does not want to show how much he has donated to the Mormon church.

“Our church doesn’t publish how much people have given,” Romney told Parade magazine. “This is done entirely privately. One of the downsides of releasing one’s financial information is that this is now all public, but we had never intended our contributions to be known. It’s a very personal thing between ourselves and our commitment to our God and to our church.”

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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3 Responses to Gawker Publishes Mitt Romney’s Offshore Hedge Fund Holdings

  1. traffikator says:

    Whatever you say Willie. I just knew there had to have been something he could be consistent with…well aside from consistently changing positions. I don’t get how come the news media is not making a big deal out the fact that this is the only thing so far, that Matt has not taken a different position on. See William, had even been against the best thing that he done did for them Massasachetians. Mitchell paid hunndreds a thousands a dollers to take that fancy dancing donkey to Brittain. All the way 24 hours flight across the ocean. And the liad, the flucking liar, said he did not know when the pony he spent so much money on would be dancing. I tell you, it is not so much how bad herb is, but the amount of people who swear that Archie will be the next Prezident of this country. Then every day after, you wondering what he is going to say. You will be worried to death! Well may that is the plan. Just the fact that he is going all out to keep his tax returns a secret should have been enough to throw him out as dishonerable, but he got millions of supporters. What does that tell you about that pothole party.

  2. David says:

    God, they say, sometimes works in mysterious ways.

  3. Earl Richards says:

    Big Oil, Wall Street and the GOP are a bunch of morally, bankrupt jerks. Romney is already oil-bought. Romney/Ryan will be worse than Bush/Cheney.

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