Braeburn Capital

Braeburn Capital is an asset management company based in Reno, Nevada. It was established in 2006 as a wholly owned subsidiary of Apple Inc. to manage the company's cash reserves and investments. The company is named after the Braeburn apple variety, continuing Apple Inc.'s tradition of naming its entities after apple varieties.

History

Braeburn Capital was established in 2006 by Apple Inc. to manage its cash reserves and investments. The decision to base the company in Reno, Nevada was strategic, as the state of Nevada has a favorable tax environment. This move allowed Apple to avoid millions in taxes in its home state of California.

Operations

Braeburn Capital's primary responsibility is the management of Apple Inc.'s cash reserves and investments. The company is known for its secretive nature, with little information available about its investment strategies or performance. However, it is known that the company manages one of the largest corporate cash reserves in the world.

Impact

Braeburn Capital plays a significant role in Apple Inc.'s financial strategy. By managing the company's cash reserves and investments, Braeburn Capital helps to ensure the financial stability and growth of one of the world's most valuable companies. The company's strategic location in Nevada also allows Apple to take advantage of the state's favorable tax environment.

See also

• Apple Inc.
• Asset management
• Tax avoidance