On April 27, the company’s total cash hoard was revealed to have hit a new peak of $194 billion—more than the foreign reserves of Germany! Search our database of over 100 million company and executive profiles. In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." In reality, it is the secretive arm of the world’s biggest company, Apple, and was set up to manage the iconic device maker’s giant cash pile.

Enjoy! The company made its biggest acquisition ever last year, spending $3 billion on Beats Electronics. In any case, it’s not clear exactly how much of Apple’s $194 billion in cash Braeburn actually gets to play with. Jeffery Power, CFA, FRM Managing Director, Head of Braeburn Capital at Apple Reno, Nevada 464 connections Please verify address for mailing or other purposes.

Braeburn Capital, Inc. is a Nevada Domestic Corporation filed on October 3, 2005. By providing your email, you agree to the Quartz Privacy Policy. All Trademarks and Copyrights are owned by their respective companies and/or entities.

It says it only invests in “highly rated securities”—think government bonds from rich, stable countries, and debt issued by companies with very solid finances. It is a company that works together to accomplish the goals.....Braeburn is a … Jeffery has nine known connections and has the most companies in common with Luca Maestri. The annual report notes that Apple ”uses a combination of internal and external management to execute its investment strategy and achieve its investment objectives.”. Jeff has 1 job listed on their profile. A connection is made when two people are officers, directors, or otherwise associated with the same company. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend.

It is thought to be technically owned by the company’s Ireland operation, also something of an obscure entity, but managed, at least in part, by Braeburn.

"[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. More acquisitions may or may not happen, speculation about them will probably persist. It has not responded to questions from Quartz about the operation. View Jeffery Power's profile for company associations, background information, and partnerships. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes. Receive an email notification when changes occur for Jeffery Power. 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. Enough to buy all sorts of things!—meaning Braeburn probably has plenty of work to do. 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. Capital.

Quartz is owned by Uzabase, the business intelligence and media company. They have the smartest and most talented individuals in every department and everyone is extremely passionate about their job. The Registered Agent on file for this company is The Corporation Trust Company Of Nevada and is located at 701 S Carson St Ste 200, Carson City, NV 89701. For all the excitement about what Apple could do with its enormous cash reserves  the reality has so far proven much more boring. [3], The name Braeburn refers to a particular cultivar of apple. The overarching objective is “minimizing the potential risk of principal loss,” which means it’s safe to assume that Apple is not operating a secret investment casino in the Nevada desert. These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Data inaccuracies may exist. The company said yesterday that it would lift both its quarterly dividend and the amount of stock it can buy back over the next couple of years (in practice Apple borrows money to fund this, because a lot its cash is stuck offshore). NV. News for the next era, not just the next hour. [3], In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund. Apple’s latest annual report mentions Braeburn once, noting only that it is incorporated in Nevada (presumably for tax reasons). Michael Shapiro is affiliated with Braeburn Capital, Inc. Stay informed and up-to-date on your network with RelSci news and business alerting service. April 28, 2015This article is more than 2 years old. By March 2017, it expects to have spent a staggering $200 billion on capital returns. The companies and people profiled on Corporation Wiki are displayed for research purposes only and do not imply an endorsement from or for the profiled companies and people.