At Braeburn’s inception, the cash pile was modest, yet absolutely massive in unlevered terms, at just over $10 billion. Fast forward 6 years, and the massive cash pile has now grown to be epically gargantuan. Of course, the parent company in question is none other than Apple, whose publicly reported cash horde at June 30, 2012 was a whopping $117,221,000,000. This is the AUM of Braeburn.
Category: Finance
What If Google Had a Hedge Fund?
Google may not have a hedge fund, but it’s unlikely that high IQ hedge funds aren’t using Google’s data to better manage their own situational awareness and risk.
Lehman Brothers: Four Operating Principles
Poway: It’s Not Too Late To Unwind
The most egregious tranche of all was the longest one: a bond with an original principal amount of $13,986,037.80, which matures in 2051, when bondholders will receive a total of $321,740,000. That’s more than $22 of interest for every dollar borrowed today.
10 Rules For Dealing With The Sharks On Wall Street
If you wondered why the biggest financial firms are fighting tooth and nail to avoid having to maintain a “fiduciary standard,” just look at the fees and expenses in deals like this. There is always big money in the ongoing attempts to turn lead into gold.
Abnormal Capitalist 