Amherst, MA — Amherst College’s investment club recently announced that it had completed the steps necessary to undergo a corporate inversion, reincorporating itself offshore to the Cayman Islands. Primary operations of the club will remain in the United States.
“It just seemed like the right move,” said investment club spokesperson Trent Blackstone ’15. “Big corporations and hedge funds do it all the time. We just wanted to insure that, at Amherst, we have the best balance sheet moving forward.”
When asked what, if any, taxes were being avoided in the move, Blackstone had already been hired by Bain, and was gone.