Braeburn Capital

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Braeburn Capital Inc.
Subsidiary
Industry Asset management
Investment management
Founded October 3, 2005; 12 years ago (2005-10-03) in Reno, Nevada, United States[1]
Headquarters Reno, Nevada, United States
AUM US$268.9 billion (2017)
Parent Apple Inc.
Website braeburncapital.com (Redirects to Apple)

Braeburn Capital Inc. is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Its offices are located at 6900 S. McCarran Boulevard in Reno.[2]

History[edit]

Apple created the company on October 3, 2005[1] to better manage its assets and to avoid certain California state taxes and taxes from other U.S. states totaling in millions of dollars.[3]

Capital[edit]

Apple's cash, and short-term and long-term investments
Year Value (billion USD)
2005 8.3
2006 10.1
2007 18.45
2008 24.49
2009 33.99
2010 51.01
2011 81.57
2012 121.25
2013 146.76
2014 155.24
2015 205.67
2016 237.59
2017 268.90

In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." [4]

In 2012, Wall Street analysts calculated that Apple could earn up to $45.6 billion in fiscal year 2012, a record for any American business. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.[3]

Name[edit]

The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[5]

References[edit]

  1. ^ a b "Apple Takes Its Bankroll to Reno". Bloomberg.com. Bloomberg. 5 April 2006. 
  2. ^ "Relax: Apple's Reno asset-management office is still here". Reno Rebirth. 8 March 2013. Retrieved 24 August 2013. 
  3. ^ a b Duhigg, Charles; Kocieniewski, David (April 28, 2012). "How Apple Sidesteps Billions in Global Taxes". The New York Times. 
  4. ^ "Apple cash manager Braeburn: the 'world's biggest hedge fund'". CNet. October 1, 2012. 
  5. ^ University of Massachusetts Cold Spring Orchard page Archived January 12, 2012, at the Wayback Machine.