Braeburn Capital Inc. is an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

company based in

Reno, Nevada Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is the ...

and a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Apple Inc. Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling in 2021) and, as of June 2022, is the world's biggest company b ...

Its offices are located at 6900 S. McCarran Boulevard in Reno.

History

Apple created the company on October 3, 2005 to better manage its

asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

s and to avoid certain California state taxes and

tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...

es from other U.S. states totaling in millions of dollars.

Capital

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. By national and international diversions of revenues and many other legal methods, Apple stood to save billions of dollars in taxes.

Name

The name

Braeburn The Braeburn is a cultivar of apple that is firm to the touch with a red/orange vertical streaky appearance on a yellow/green background. Its color intensity varies with different growing conditions. It was discovered as a chance seedling in ...

refers to a particular

cultivar A cultivar is a type of cultivated plant that people have selected for desired traits and when propagated retain those traits. Methods used to propagate cultivars include: division, root and stem cuttings, offsets, grafting, tissue culture, ...

apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...

. This is a play on the name of the parent company

Personnel

Mick Mulvaney John Michael Mulvaney (born July 21, 1967) is an American politician who served as director of the Office of Management and Budget (OMB) from February 2017 until March 2020, and as acting White House Chief of Staff from January 2019 until March ...

's brother Theodore "Ted" Mulvaney is portfolio manager for Braeburn Capital.

References

American companies established in 2005 Financial services companies established in 2005 2005 establishments in Nevada Investment management companies of the United States Apple Inc. subsidiaries Companies based in Reno, Nevada {{apple-stub