Braeburn Capital sounds like a staid, run-of-the-mill asset management firm, and that’s probably the intention. Jeffery has nine known connections and has the most companies in common with Luca Maestri. View Jeff PowER’S profile on LinkedIn, the world's largest professional community. Please verify address for mailing or other purposes. April 28, 2015This article is more than 2 years old. The company's filing status is listed as Active and its File Number is E0667452005-7. In reality, it is the secretive arm of the world’s biggest company, Apple, and was set up to manage the iconic device maker’s giant cash pile. The New York Times revealed some details (paywall) about the set-up in 2012, arguing it plays a key role in Apple’s tax-minimization strategy. The Registered Agent on file for this company is The Corporation Trust Company Of Nevada and is located at 701 S Carson St Ste 200, Carson City, NV 89701.
A connection is made when two people are officers, directors, or otherwise associated with the same company. By March 2017, it expects to have spent a staggering $200 billion on capital returns. Michael Shapiro is affiliated with Braeburn Capital, Inc. Stay informed and up-to-date on your network with RelSci news and business alerting service. © 2020 Quartz Media, Inc. All rights reserved. Quartz is owned by Uzabase, the business intelligence and media company.
In any case, it’s not clear exactly how much of Apple’s $194 billion in cash Braeburn actually gets to play with. Data inaccuracies may exist. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you. Not much is known about Braeburn, besides that it is named after a type of apple. For all the excitement about what Apple could do with its enormous cash reserves the reality has so far proven much more boring. Jeff has 1 job listed on their profile. The company made its biggest acquisition ever last year, spending $3 billion on Beats Electronics. Reno,
, Apple created the company on October 3, 2005 to better manage its assets and to avoid certain California state taxes and taxes from other U.S. states totaling in millions of dollars. In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund." More acquisitions may or may not happen, speculation about them will probably persist.
It’s worth noting that a sizable chunk of Apple’s cash (that which it earned abroad) is actually stored offshore to avoid US government taxes. It has not responded to questions from Quartz about the operation.
All Trademarks and Copyrights are owned by their respective companies and/or entities. They have the smartest and most talented individuals in every department and everyone is extremely passionate about their job. ", 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. The overarching objective is “minimizing the potential risk of principal loss,” which means it’s safe to assume that Apple is not operating a secret investment casino in the Nevada desert. The annual report notes that Apple ”uses a combination of internal and external management to execute its investment strategy and achieve its investment objectives.”. Jeffery Power, CFA, FRM Managing Director, Head of Braeburn Capital at Apple Reno, Nevada 464 connections These addresses are known to be associated with Jeffery Power however they may be inactive or mailing addresses only.
, In October 2012, CNET reported that Braeburn had US$117.2 billion under management, making it "the world's biggest hedge fund. Receive an email notification when changes occur for Jeffery Power. Regardless, Apple shareholders are going to see more of its cash going forward. 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. Braeburn Capital sounds like a staid, run-of-the-mill asset management firm, and that’s probably the intention. No warranties, expressed or implied, are provided for the business data on this site, its use, or its interpretation.
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