Apple has quietly created the world’s largest hedge fund worth $117 billion

By on October 1, 2012 at 10:30 AM.

Apple has quietly created the world’s largest hedge fund worth $117 billion

Apple Hedge Fund

Apple (AAPL) is not only the most profitable company in the world, but it also now owns the world’s largest hedge fund as well. Zero Hedge reports that Braeburn Capital, a Nevada-based asset management corporation that Apple founded specifically to manage its cash, now has more than $117 billion in assets under management, making it even larger than hedge fund giant Bridgewater that currently has around $100 billion in AUM. More →

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