With its massive on-hand cash pile, Apple could easily be mistaken for a bank disguised as a tech firm. Modern hedge funds, on the other hand, are increasingly tech firms disguised as banks.
Which is one reason it kind of makes sense why one of Steve Jobs’ most trusted former lieutenants, ex-Apple exec Jon Rubinstein, has just been announced as the new co-CEO of Bridgewater Associates, the world’s largest hedge fund — with a massive $169 billion in assets.
That’s an amount that would even make Apple sit up and pay attention!

