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Their cash isn’t just sitting around, they invest it via their hedge fund, Braeburn Capital, which I believe is actually the world’s biggest by AUM.
by macNchz 8y ago
Their cash isn’t just sitting around, they invest it via their hedge fund, Braeburn Capital, which I believe is actually the world’s biggest by AUM.
- pas 8y agoThere are asset management firms with AUM well in the trillions: https://en.wikipedia.org/wiki/List_of_asset_management_firms https://en.wikipedia.org/wiki/List_of_asset_management_firms That "biggest" claim is based on a Cnet article, which is based on a ZeroHedge article, and they just state it as a self-evident fact, that Bridgewater is the "biggest" hedge fund. And it's again not clear that Braeburn is a hedge fund. (It's very composed of many smaller funds anyway, each with different risk profiles.) That said, yes, Apple's cash is absolutely not just sitting in Tim Cook's basement.