High net worth individuals find bolthole in New Zealand
Terror threats in Europe and political uncertainty in UK, US have helped make it a refuge for ultra rich
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Washington
WHEN Hong Kong-based financier Michael Nock wanted a place to escape in the wake of the 2008 global financial crisis, he looked beyond the traditional havens of the rich to a land at the edge of the world, where cows outnumber people two to one.
Mr Nock, the founder of hedge fund firm Doric Capital Corp, bought a retreat 9,334 km away in New Zealand's picturesque Queenstown. In the seven years since, terror threats in Europe and political uncertainty from Britain to the US have helped make the South Pacific nation - a day by air away from New York or London - a popular bolthole for the mega wealthy.
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