International Business Times – Apple is hoarding $76 billion in cash. George Soros’ hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources. Combined, they have nearly $100 billion.
Why on earth would a company need so much money? And why would a hedge fund, which makes money by deploying money, not use 75 percent of its firepower?
