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Tuesday, October 2, 2012

Spouting Nonsense About Apple's Secret Hedge Fund - Forbes

Spouting Nonsense About Apple's Secret Hedge Fund - Forbes: So as to Zero Hedge’s insistence that we don’t know anything about what Apple is doing with Apple’s cash I think we can refute that. For of course the company, Braeburn, that Apple uses to manage said cash is a subsidiary of Apple. And thus appears, consolidated, in Apple’s accounts. So if we want to know what Braeburn is doing we should go and read Apple’s accounts.