The surprising answer is that the Cayman Islands is the Fifth Largest financial center in the world. This tiny island, because of favorable tax treatment and a host of other things, has become home to many off-shore vehicles, especially hedge funds, private equity funds and such. Amazing…
For those interested more in the stories of Read and Bonny, the female pirates mentioned in my previous post, Nik Rokop sent me the following link with more details on their lives: A General History of Pyrates (thanks Nik)