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$117 BILLION IN ASSETS

Apple controls the world’s largest hedge fund you’ve never heard of

USA


A link from Zero Hedge

When Braeburn capital started, Apple had about $10 billion in cash. Now Apple has $117 billion in cash, which makes its wholly-owned cash managing subsidiary by default the largest hedge fund on the planet. It’s as if a sovereign wealth fund were run out of a tiny office in Reno, Nevada–which it is!