Quartz is owned by Uzabase, the business intelligence and media company. Not much is known about Braeburn, besides that it is named after a type of apple. A connection is made when two people are officers, directors, or otherwise associated with the same company. News for the next era, not just the next hour.

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.

© 2020 Quartz Media, Inc. All rights reserved. Braeburn truly cares about helping patients as they are focused on changing lives! 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). Kick off each morning with coffee and the Daily Brief (BYO coffee). Braeburn Capital - WikiMili, The Free Encyclopedia - WikiMili, The Free Encyclopedia These addresses are known to be associated with Jeffery Power however they may be inactive or mailing addresses only.

They have the smartest and most talented individuals in every department and everyone is extremely passionate about their job. 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. 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. Braeburn Capital, Inc. is a Nevada Domestic Corporation filed on October 3, 2005.

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Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you. Jeffery has nine known connections and has the most companies in common with Luca Maestri. Braeburn Capital sounds like a staid, run-of-the-mill asset management firm, and that’s probably the intention. [3], The name Braeburn refers to a particular cultivar of apple. 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 providing your email, you agree to the Quartz Privacy Policy. 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.

Braeburn Capital sounds like a staid, run-of-the-mill asset management firm, and that’s probably the intention. "[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.

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Reno, The company's filing status is listed as Active and its File Number is E0667452005-7. View Jeffery Power's profile for company associations, background information, and partnerships.

Enough to buy all sorts of things!—meaning Braeburn probably has plenty of work to do. Regardless, Apple shareholders are going to see more of its cash going forward. Jeff has 1 job listed on their profile. 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. For all the excitement about what Apple could do with its enormous cash reserves  the reality has so far proven much more boring. Please verify address for mailing or other purposes.

[2], 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. It’s worth noting that a sizable chunk of Apple’s cash (that which it earned abroad) is actually stored offshore to avoid US government taxes. Search our database of over 100 million company and executive profiles. By March 2017, it expects to have spent a staggering $200 billion on capital returns. 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! It is a company that works together to accomplish the goals.....Braeburn is a … Data inaccuracies may exist. The company made its biggest acquisition ever last year, spending $3 billion on Beats Electronics. You also buy a share of one of the world’s largest investment companies: Braeburn Capital, a wholly owned subsidiary of Apple. ... Braeburn Capital, Inc. 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. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." The annual report notes that Apple ”uses a combination of internal and external management to execute its investment strategy and achieve its investment objectives.”. All Trademarks and Copyrights are owned by their respective companies and/or entities. Apple’s latest annual report mentions Braeburn once, noting only that it is incorporated in Nevada (presumably for tax reasons). [3], In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund. Apple the company, in addition to being clever with nomenclature, is secretive about most things, and especially so when it comes to its investment division.

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April 28, 2015This article is more than 2 years old. Jeffery Power, CFA, FRM Managing Director, Head of Braeburn Capital at Apple Reno, Nevada 464 connections

Capital. No warranties, expressed or implied, are provided for the business data on this site, its use, or its interpretation. Michael Shapiro is affiliated with Braeburn Capital, Inc. Stay informed and up-to-date on your network with RelSci news and business alerting service. A search through the investment database S&P Capital IQ doesn’t reveal much beyond Braeburn’s address, and the company has never commented on the unit during investor conference calls, according to an analysis of transcripts in FactSet.

By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.

It has not responded to questions from Quartz about the operation.

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.

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This is a play on the name of the parent company Apple Inc.[5], "Relax: Apple's Reno asset-management office is still here", "How Apple Sidesteps Billions in Global Taxes", "Apple cash manager Braeburn: the 'world's biggest hedge fund, University of Massachusetts Cold Spring Orchard page, https://en.wikipedia.org/w/index.php?title=Braeburn_Capital&oldid=921845780, Financial services companies established in 2005, Investment management companies of the United States, United States financial services company stubs, Creative Commons Attribution-ShareAlike License, This page was last edited on 18 October 2019, at 08:22. The New York Times revealed some details (paywall) about the set-up in 2012, arguing it plays a key role in Apple’s tax-minimization strategy.

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. In any case, it’s not clear exactly how much of Apple’s $194 billion in cash Braeburn actually gets to play with.