Skip to navigationSkip to content

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

USAPublished Last updated This article is more than 2 years old.

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!

📬 Kick off each morning with coffee and the Daily Brief (BYO coffee).

By providing your email, you agree to the Quartz Privacy Policy.