Braeburn Capital Inc. is an

asset management Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastr ...

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. It is the county seat and most populous city of Washoe County, Nevada, Washoe County. Sitting in the High Eastern Sierra foothills, ...

, and a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Apple Inc. Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It is best known for its consumer electronics, software, and services. Founded in 1976 as Apple Comput ...

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 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 of ownership that can b ...

s and to avoid certain California state taxes and

tax A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...

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 kind of Horticulture, cultivated plant that people have selected for desired phenotypic trait, traits and which retains those traits when Plant propagation, propagated. Methods used to propagate cultivars include division, root a ...

apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...

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

Personnel

Mick Mulvaney John Michael “Mick” 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 un ...

'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 Asset management companies {{apple-stub