SOMEBODY TELL ME THE NAME OF THE PERSON IN CHARGE OF MANAGING APPLE'S CASH ??!? ..POST IT HERE, NOW !
The question remains: where exactly is Braeburn Capital now located? (Update: reader AAPL1000 notes that Braeburn has moved to 6900 South McCarran Blvd, Suite 3020 in Reno Nevada. Additionally, a Reno Gazette-Journal blog notes that the subsidiary moved to the new location "about a year and half ago.")
Gigabyte426, while we know that CFO Oppenheimer oversees Treasurer Wipfler who had previously been listed as a firm principal of Braeburn Capital, these questions in this posts are directed toward getting to some sort of conspiracy theory on Apple's cash management practices. See the comments at the end of the article, "Apple's Braeburn Capital leaves Reno office, doesn't update address" that anyone can google. Someone there, journalists or ??? are trying to locate (find the names and addresses of) the Braeburn's principal officers just like here.
In the article, How Apple Puts Even The Most Aggressive Hedge Funds To Shame, by Zerohedge, the conspiracy is summarized as Apple paying fees and commissions in exchange for favorable ratings as follows:
"... how much money [has] AAPL paid out to any/all of the banks listed above in the form of trade commissions and other forms of "soft dollar" compensation. After all, any client which has conducted some $600 billion in trades in the past 16 quarters is known by one word at every single bank: "dream."
And parallel to that, one wonders what AAPL's total profits would have been and thus total marketable securities holdings, how much less the total trading churn and commissions to the sell side would have been had the downgrade battery started long ago, and thus broken the hypnotic and very much reflexive relationship between the world's most profitable company and its "coolness" factor, which in a feedback loop made it sell more products, making its market cap bigger, making its securities holdings larger, and making sellside profits greater, and so on ad inf… until one day it all snapped."
Not that the article is worth reading, but these posters here asking odd questions made me curious as to their motives. I don't have their answers, but I believe I know their motives. It's just a little entertainment for me, I guess, to see through other's transparent actions.
Thursday, March 07, 2013, 03:54 pm
Apple's Braeburn Capital leaves Reno office, doesn't update address
By Daniel Eran Dilger
Apple's Braeburn Capital subsidiary, which manages the company's vast cash reserves as its "asset management corporation," is no longer located at its last reported address.
A year old records report on the corporation (which Apple named after a type of apple particularly suited to long term storage) lists the address of its principals as being at suite 225 on 730 Sandhill Road, a suburban office park in Reno, Nevada (pictured above).
A blog entry profiling Apple's Reno operations as "the world's largest hedge fund" reiterated last September that Braeburn Capital was at the time operating from that address. It visited the building and photographed the office's sign (which is now gone; note that Braeburn is also not a "hedge fund," nor is its holdings as secret as the article suggested).
However, the office at that address is now in use by another firm (Randstad finance and accounting). Asked about Braeburn, the receptionist told AppleInsider that she only knew that the firm is no longer operating at that location and that she didn't know where it had relocated. A search of Apple's record filings did not turn up a new address.