Braeburn_Capital
Braeburn Capital
Asset management company owned by Apple
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.[2]
| Company type | Subsidiary |
|---|---|
| Industry | Asset management Investment management |
| Founded | October 3, 2005; 18 years ago (2005-10-03) in Reno, Nevada, United States[1] |
| Headquarters | Reno, Nevada , United States |
| AUM | US$268.9 billion (2017) |
| Parent | Apple Inc. |
| Website | braeburncapital |
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.[3]
| Year | Value (billion USD) |
|---|---|
| 2005 | 8.3 |
| 2006 | 10.1 |
| 2007 | 18.45 |
| 2008 | 24.49 |
| 2009 | 33.99 |
| 2010 | 51.01 |
| 2011 | 81.57 |
| 2012 | 121.25 |
| 2013 | 146.76 |
| 2014 | 155.24 |
| 2015 | 205.67 |
| 2016 | 237.59 |
| 2017 | 268.90 |
| 2018 | 237.10 |
| 2019 | 205.9 |
| 2020 | 191.8 |
| 2021 | 190.5 |
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 national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.[3]
The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[4]
Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.[5]
- "Apple Takes Its Bankroll to Reno". Bloomberg.com. Bloomberg. April 5, 2006.
- "Relax: Apple's Reno asset-management office is still here". Reno Rebirth. March 8, 2013. Retrieved August 24, 2013.
- Duhigg, Charles; Kocieniewski, David (April 28, 2012). "How Apple Sidesteps Billions in Global Taxes". The New York Times.
- University of Massachusetts Cold Spring Orchard page Archived January 12, 2012, at the Wayback Machine
- "Apple's investment manager wrestles with $120bn problem". The Guardian. October 26, 2012. Retrieved December 9, 2021.
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