Dublin unit of US hedge fund with $8bn assets pays $125 tax

Burlington Loan Management's $375 in taxable income

Burlington Loan Management  investments include loans linked to the Belfast-registered Titanic Quarter.

Burlington Loan Management investments include loans linked to the Belfast-registered Titanic Quarter.

A Dublin firm set up during the crash by US hedge fund, Davidson Kempner, to pick up distressed financial assets across Europe paid just $125 in corporation tax last year on income derived from assets valued at $8 billion.

Accounts filed for Burlington Loan Management, which owns diverse assets such as stakes in failed Icelandic banks and loans secured on the Titanic Quarter in Belfast, show it had virtually no taxable income in 2015.

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