Braeburn Capital: Difference between revisions
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== Name == |
== Name == |
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The name [[Braeburn]] refers to a particular [[cultivar]] of [[apple]]. This is a play on the name of the parent company [[Apple Inc.]]<ref>[http://www.coldspringorchard.com/page2.htm University of Massachusetts Cold Spring Orchard page] {{webarchive|url=https://web.archive.org/web/20120112104414/http://www.coldspringorchard.com/page2.htm |date=January 12, 2012 }}</ref> |
The name [[Braeburn]] refers to a particular [[cultivar]] of [[apple]]. This is a play on the name of the parent company [[Apple Inc.]]<ref>[http://www.coldspringorchard.com/page2.htm University of Massachusetts Cold Spring Orchard page] {{webarchive|url=https://web.archive.org/web/20120112104414/http://www.coldspringorchard.com/page2.htm |date=January 12, 2012 }}</ref> |
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==Personnel== |
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[[Mick Mulvaney]]'s brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.<ref> |
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{{cite news|title=Apple's investment manager wrestles with $120bn problem|url=https://www.theguardian.com/business/2012/oct/26/apple-investment-manager-braeburn-capital |access-date=9 December 2021|newspaper=The Guardian |date=26 October 2012}}</ref> |
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==References== |
==References== |
Latest revision as of 15:48, 18 April 2024
Company type | Subsidiary |
---|---|
Industry | Asset management Investment management |
Founded | October 3, 2005Reno, Nevada, United States[1] | in
Headquarters | Reno, Nevada , United States |
AUM | US$268.9 billion (2017) |
Parent | Apple Inc. |
Website | braeburncapital |
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]
History
[edit]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]
Capital
[edit]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]
Name
[edit]The name Braeburn refers to a particular cultivar of apple. This is a play on the name of the parent company Apple Inc.[4]
Personnel
[edit]Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.[5]
References
[edit]- ^ a b "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.
- ^ a b 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.