Not content with being the world's most valuable company,
Apple subsidiary Braeburn Capital has become "the world's largest hedge
fund." At the end of June,
Braeburn, headquartered in Reno, Nevada had $117.2 billion in assets.
Bridgewater, which is widely recognized as the top hedge in the world, had
around $100 billion in assets.
Braeburn's existence is simple: to manage Apple's massive
and continuously growing cash pile. The firm reportedly keeps its enormous
amount of funds in a series of investment vehicles, which includes the likes of
stocks and bonds.
Apple's Braeburn division will be shrouded in mystery for
the foreseeable future, though, as is the case with hedge funds, they don't
have to divulge information pertaining to its holdings....
Read all about it at http://www.tomshardware.com/news/Apple-Braeburn-Hedge-Fund,18040.html
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