Braeburn Capital

Braeburn Capital Inc.
Company type	Subsidiary
Industry	Asset management; Investment management
Founded	October 3, 2005; 18 years ago in Reno, Nevada, United States
Headquarters	Reno, Nevada, United States
AUM	US$268.9 billion (2017)
Parent	Apple Inc.
Website	braeburncapital.com (Redirects to 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]

History

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

Apple's cash, and short-term and long-term investments
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

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

Mick Mulvaney's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.^[5]

References

^ ^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.

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[bloomberg-1] "Apple Takes Its Bankroll to Reno". Bloomberg.com. Bloomberg. April 5, 2006.

[2] "Relax: Apple's Reno asset-management office is still here". Reno Rebirth. March 8, 2013. Retrieved August 24, 2013.

[NYT04282012-3] Duhigg, Charles; Kocieniewski, David (April 28, 2012). "How Apple Sidesteps Billions in Global Taxes". The New York Times.

[4] University of Massachusetts Cold Spring Orchard page Archived January 12, 2012, at the Wayback Machine

[5] "Apple's investment manager wrestles with $120bn problem". The Guardian. October 26, 2012. Retrieved December 9, 2021.

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