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This is very interesting. However it is more like a Private Equity fund I would think. There's is all private money. Do they publish what portion of profit/loss every quarter stems from this Braeburn thingy?
I recall how Intel and Microsoft in the dot com boom would "make their numbers" from their investments rather than their business. If/when apple starts doing that, it would be signn to watch out methinks.
According to the Zero Hedge article, Braeburn "invests in the public equity markets." Without any more details, "hedge fund" is a probably a close enough description. I think these operations are separate from Apple's strategic investments in private companies.
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I recall how Intel and Microsoft in the dot com boom would "make their numbers" from their investments rather than their business. If/when apple starts doing that, it would be signn to watch out methinks.