3 ms·
Apple has the world’s largest hedge fund: $117 billion
- WiseWeasel 14y agoHere's the source article, more interesting than the blogspam linked: http://www.zerohedge.com/news/2012-09-30/presenting-worlds-biggest-hedge-fund-you-have-never-heard http://www.zerohedge.com/news/2012-09-30/presenting-worlds-b...
- de1978st 14y agoThe interest in the link was its simplicity: Apple - Largest - hedge fund
- RockyMcNuts 14y agoZero Hedge is kind of a troll. What makes it a hedge fund? That they set up a sub to manage their cash? No indication they're taking risk to generate alpha like a macro fund such as Bridgewater. It's not a hedge fund by any definition. Where's the tax dodge? That they set it up in Reno, maybe because of some state corporate income tax angle? What does looking for 'legal tax loopholes' even mean? The linked NYT article from April is pretty interesting and was discussed here - http://news.ycombinator.com/item?id=3903694 http://news.ycombinator.com/item?id=3903694 Empty linkbait... slap up a headline with Apple and 'hedge fund' and people will click on it. In other news, boy trapped in refrigerator eats own foot.
- de1978st 14y agoThe relevance of the link was 'world's largest' in relation to Apple specifically and hedge funds generally. Why is this relevant? Visibility, the same reason why the nyt article was. When you have a fund the size that has been mentioned, you are much more than just a technology company, this needs to be recognized and understood, that Apple is the leader in also opaque financial markets.
- deleted 14y ago[deleted]