JULIA WERDIGIER SWEET ON APPLE Many hedge fund managers count Apple among its top stocks.
At the TA Idex Transamerica Science & Technology fund, Apple, Google and R.I.M. made up more than 18percentt of the portfolio in early December, up from 16.2percentt Sept. 30.
Separately, a broader Goldman Sachs study of hedge-fund holdings found that Apple, the top hedge-fund holding for three years running, fell to No. 3 in the fourth quarter, supplanted by AIG and Google, Reuters reports.
Its LPs, which include Saudi Arabia, Abu Dhabi, and Apple, are given time to fund their commitments to the Vision Fund, and so the fund wants to have cash in the bank so that it can fund its investments faster.
For background, the iFund was initially a $100 million collaborative initiative with Apple that focuses on funding and building applications on the iOS platform and the mobile Internet.
Murphy, who also manages the iFund (an initiative with Apple that focuses on funding and building defining applications on the iOS platform and the mobile internet) was also a board observer at Google (from initial investment to IPO).
And while it's also been reported that Apple is focused on funding family-friendly shows (as opposed to the edgier fare that you might find on Netflix or HBO), this is the first time it's announced programming created specifically for kids.
In all, 26 of the top 50 hedge funds hold Apple, according to FactSet.
But he has also been quick to acknowledge the problems in Indian communities -- "bad apples" mismanaging government funds, suicide, diabetes, alcoholism and jails full of indigenous people.
For this fund in particular, Apple and 10 suppliers will invest $300 million over the next four years.
