Fastest-Growing RIA Takes On Taxes, His Own Included, in Puerto Rico

Cheyne Pace’s Yale Capital is this year’s fastest-growing registered investment adviser, thanks to master limited partnerships and other money-conserving strategies.
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Cheyne Pace founded Yale Capital in 2004 after careers at Goldman Sachs and Merrill Lynch.

Photograph: Bob Croslin/Bloomberg Markets

Investment adviser Cheyne Pace is preoccupied with tax efficiency—a focus that’s helped him attract $1.7 billion in client money since he founded Yale Capital in 2004. Last year, when he thought about relocating, tax advantages were among the things he considered before moving himself and Yale’s headquarters to Dorado, Puerto Rico.

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