Braeburn Capital

Braeburn Capital Inc.
Subsidiary
Industry Asset management
Investment management
Founded October 3, 2005 (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

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

Apple's cash, and short-term and long-term investments
YearValue (billion USD)
20058.3
200610.1
200718.45
200824.49
200933.99
201051.01
201181.57
2012121.25
2013146.76
2014155.24
2015205.67
2016237.59
2017268.90

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

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

  1. 1 2 "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. 1 2 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.
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