All content is posted anonymously by employees working at Bracebridge Capital. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. Mr. Cook earned a B.A. For example, check out our. We believe our firms greatest asset is the people who work here. WebBracebridge Capital is a hedge fund with 12 clients and discretionary assets under management (AUM) of $48,750,179,780 (Form ADV from 2023-01-30). email address below and choose 'Submit'. Bracebridge Capital Fund Manager Profile | Preqin Approximately 80 employees operate from our office located in Boston's historic Back Bay. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. A few years prior, in 1992, Zimmermans husband, Harvard economist Andrei Shleifer, signed on to help privatise the Russian economy under the auspices of the university and the US government. The fund had a 10% annual return from 1994 to 2016. Terms of Use It manages funds from the endowments of Yale University and Princeton University. [1] It manages funds from the endowments of Yale University and Princeton University. Bracebridge Capital Location 888 Boylston St Fl 15, Boston, Massachusetts, 02199, United States Description Read More Industry Finance General Finance Discover more about Bracebridge Capital Recent News About Vicky Zhao The firm manages hedge funds This is the Bracebridge Capital company profile. They had one employee. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Our firm's casual and supportive environment allows you to learn about the financial markets from some of the best and brightest in our industry. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. A financial advisor can help you get your ducks in a row. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/BRACEBRIDGE-CAPITAL-LLC/, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. Bracebridge Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Software Engineer Co-op @ Bracebridge Capital | Simplify Approximately 150 employees operate from our office located in Bostons historic Back Bay. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. Chad is an internationally published author, speaker, and innovator. Have multiple credit cards? This website stores cookies on your computer. Bracebridge Capitals portfolio is diversified across 2 sectors. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. REGISTRATION STATUS. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. It also employs several other individuals to help manage the day-to-day operations of the firm. It sold the previously owned 296,572 shares for $2.95 million. We value the innovative, entrepreneurial and collaborative culture built here over two decades. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Professionals stay away, Remember that only accredited investors can work and invest in hedge funds. The firm pursues an investment strategy primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to Equity, Interest Rate, and Foreign Exchange Markets. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. Chad is a graduate of Holy Cross College. or to simply have an email sent to you whenever we receive a new Zimmerman, who survived a 1990s scandal involving Russia, her husband and Harvard University, is so successful at avoiding the limelight that Leda Bragas $9.5 billion Systematica Investments Ltd is often cited as the top woman-led firm by assets. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. You are limited to the prior 8 quarters of 13F filings. BRACEBRIDGE CAPITAL The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. [8][9] Its chief operating officer is John Spinney. subscription, ePaper If you hover over the various sections of the donut, you will see the % breakdown of each score given. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Of the $10.3 billion, thats about $1.3 billion. Bracebridge Capital Create Email Alert, ***Log In or It manages $26.59 billion of regulatory assets for 12 client accounts. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAssets reviews. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. Bracebridge Capital Approximately 150 employees operate from our office located in Bostons historic Back Bay. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. The largest investments include Bracebridge has had only eight losing months since 2009. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The Overall Ranking is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account. Diamond Hill Capital Management Executives. divided by the total MV of the fund. Assistant VP, Product Development B MAST Global. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. Considerworking with a local financial advisortoday. These specific strategies are detailed in the governing documents of each fund, so you should review those materials or contact the firm for more information. ATM 2023: Are Dubai hotels entering a 'golden age'? You can manage them any time by clicking on the notification icon. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. Jobs at Bracebridge Capital - Greenhouse Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. SEC form, multiple filers or classes of filers, and much more.***. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. [4] By 2012, it had $5.8 billion of assets under management. All Rights Reserved. The strategy hasnt always come up roses. Advisors look to achieve absolute returns for the funds. The firm pursues investment strategies [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. Nancy Zimmermans Bracebridge Capital has gone from $5.8 billion in assets four years ago to $10.3 billion today with a return of about 10 per cent a year since its inception. There must also be a reasonable assumption that this income trend will continue in the upcoming year. Chad L. Cook - AlphaSimplex Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Bracebridge Capital. are based in the Ireland. containing a link to download the .zip file of the CSV file(s) you requested. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. It manages funds from the endowments of Yale University and Princeton University. It also made $1.5 billion from the Argentine debt restructuring. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. That makes it the largest hedge fund in the world run by a woman. Bracebridge subscription, Dubai shipping firms must submit container rates to DMA, Jumeirah Group plans more European hotel buys, UAE's Eshraq to cross-list on Saudi Tadawul, Fastest growing and declining jobs over next 5 years, UAE: Petrol, diesel prices for May 2023 announced, Work remotely? The firm pursues investment strategies It may become outdated an there is no obligation to update any such information. This will schedule a job to export all requested 13f holdings data for this filer. and a top 10 holdings concentration of 87.99%. He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. WebBracebridge Corporate Finance - Bracebridge We advise on company sales and acquisitions, exit planning, management buy-outs and buy-ins (MBOs/MBIs) and raising private equity and growth capital. We believe our firms greatest asset is the people who work here. All text and design is copyright 2020 WhaleWisdom.com. , whose value fell approximately 0.1% in the past six months, Clean Earth Acquisitions Cor worth $6.08 billion, with 900,000 shares owned, Stocks and cryptocurrency portfolio tracker. Bracebridge Capital Sunshine owns a 5% stake in Bracebridge as of 2017. Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. Language links are at the top of the page across from the title. You can meet this requirement either on your own or together with your spouse. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. They manage Argentina. The secretive hedge fund thats generating huge profits The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. Fund of Funds. Bracebridge Capital We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Sunshine owns a 5% stake in Bracebridge as of 2017. to see more advanced email alert options such as selecting any type of WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. Zimmerman offered a typical scenario: Bracebridge buys a corporate bond it considers cheap while at the same time purchasing a credit-default swap on the bond in order to make money even if the company goes bankrupt. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. Bracebridge Capital CEO And Leadership: Executives and It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. BRACEBRIDGE CAPITAL, LLC Top 13F Holdings The average market cap of the portfolio companies is close to $82 million. Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. Job Application for 2024 Summer Investment Analyst at Their last WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Harvard, Shleifer and the US Justice Department eventually reached an agreement in which the university paid $26.5 million to settle a civil lawsuit and Shleifer paid $2 million. Bracebridge Capital Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset. He has worked as Controller at J Baker, Sr. Vice President and CFO at Investors Bank & Trust, and Senior Vice President at STATE STREET CORP. John attended Isenberg School of Management between 1983 and 1987. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. Bracebridge trades a wide range of securities and derivatives. 500 Boylston Street Suite 1700Boston, MA 02116United States. All information is accurate as of the writing of this article. He began his career in the investment industry in 1992. TOWNLEY, WILLIAM, DANFORTH. All investing involves risk, including loss of principal. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities We deliver exceptional results for our clients, through our hands-on, partner-led approach. You can help Wikipedia by expanding it. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. AlphaSimplex is registered with the Securities and Exchange Commission as an investment adviser and with the Commodity Futures Trading Commission as a commodity pool operator and commodity trading advisor. Join the Bracebridge Capital team See Our Latest Jobs 1.0 Former Employee, more than 3 years A broken culture Feb 24, 2023 - Anonymous Employee in Boston, MA Recommend CEO Approval Business Outlook Pros You get free coffee and snacks. Good afternoon. According to the last 13-F report filed with the SEC, John Jr. serves as the Chief Financial and Chief Operating Officer at Bracebridge Capital. American democracy is broken, Six siblings and a driver dead in Saudi accident. Name under which you primarily conduct your advisory business, if different from Item 1.A. Bracebridge lost about 26 per cent, making it the worst year in its history. How do I update this listing? The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. HighVista Strategies. Bracebridge Capital Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Hedge funds had trouble navigating unexpected market events, including a devaluation in the Chinese currency in August, a rally in European government bonds and a steep drop in oil prices. Whalewisdom has at least 17 13F filings, 2 13D filings, 6 13G filings, and 1 Form 4 filings. LIMITED PARTNER BRACEBRIDGE CAPITAL II, L.P. GENERAL PARTNER BRACEBRIDGE CAPITAL II, L.P. CHIEF STRATEGIC OFFICER AND CHIEF ADMINISTRATIVE OFFICER, LIMITED PARTNER BRACEBRIDGE CAPITAL II, LP, Master Fund SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. It also made $1.5 billion from the Argentine debt restructuring. Bracebridge Capital Reviews Hedge Fund Bracebridge Capital - Company Database | Wall Street Oasis You are now leaving AlphaSimplexs website and are being connected to a third-party website. As of February 2016, it had $10.3 billion of assets under management, making it the largest hedge fund managed by a woman in the world. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. The fund focuses on investments in the Ireland as Mr. Cook joined AlphaSimplex in 2022. Bracebridges biggest turnaround came in 2009. I am excited for this forum and todays discussion on BRACEBRIDGE CAPITAL, LLC | Form ADV - RADiENT All rights reserved. Zoom between states and the national map to see the top spots in each region. Drawbridge Capital's fundamentally driven, bottom-up strategies are: "If you want to have a better performance than the crowd, you must do things differently from the crowd." Economist John Kenneth Galbraith wrote, "In any great organization it is far, far safer to be wrong with the majority than to be right alone." IAPD - Investment Adviser Public Disclosure - Homepage Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political WebBracebridge Capital, LLC is a large advisory firm based in Boston. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. In order to invest in hedge funds, you must be considered an accredited investor. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Cities where $1 million lasted the longest ranked the highest in the study. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. Performance [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. Well send you latest news updates through the day. Subscribe to WhaleWisdom to view all filing data EFFECTIVE DATE; SEC: Nancy Zimmerman founded Bracebridge Capital. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. $119 billion and $119 billion respectively. or Want to Sign up with your social account? All rights reserved. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Largest female-managed hedge fund globally, "Gabriel Brendan Sunshine - Bracebridge Capital, LLC", "Company Overview of Bracebridge Capital, LLC", "The Secretive Hedge Fund That's Generating Huge Profits for Yale", "2016 America's Self-Made Women: #46 Nancy Zimmerman", "Meet the first Fil-Am elected to Harvard overseers board", "Argentina's Hedge Fund Deal Frustrates Small Bondholders", "Argentina Reaches Deal With Hedge Funds Over Debt", https://en.wikipedia.org/w/index.php?title=Bracebridge_Capital&oldid=1101743571, Financial services companies established in 1994, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 August 2022, at 15:57. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Ackmans Pershing Square Holdings, the publicly traded part of his activist hedge fund, lost 20.5 per cent last year, hurt in part by a drop in the shares of drugmaker Valeant Pharmaceuticals International Inc Einhorns Greenlight Capital suffered the second losing year in its history, with its main fund falling 20.4 per cent due to wrong-way stock picks. In addition, the fund holds 2,033,257 shares of Mallinckrodt Plc worth $15.8 billion, whose value fell approximately 0.1% in the past six months. Performance numbers calculated through 2023-02-14. Al Nisr Publishing LLC 2023. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. He has worked as Controller at J Baker, Sr. Vice President and CFO at Investors Bank & Trust, and Senior Vice President at STATE STREET CORP. John attended Isenberg School of Management between 1983 and 1987. 6.3% of the portfolio companies Diversity Spotlight (US Headquarters Only) Women Founded. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Investment Advisor Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bracebridge Capital. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. The firm pursues investment strategies primarily within the Sunshine is a Harvard graduate, class of 1991, and the husband of Geraldine Acua-Sunshine,[6] the co-chair of the Harvard College Fund,[7] who is also senior counsel to Bracebridge Capital. Both on your website and other media. [4] It also had more than 100 employees by February 2016. Swensen, who runs Yale Universitys $25.6 billion endowment, and Thomas Steyer of Farallon Capital Management originally staked Zimmerman in 1994 with about $50 million. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. None of the information on this page has been provided or approved by Bracebridge Capital. Alt Turnover is calculated by taking either the total MV of new purchases or Our Approach The total portfolio value may be much higher due to cash SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. Founded Date Jun 1, 1994. The number you see in the middle of the donut pie chart is the simple average of these scores. Bracebridge Capital provides portfolio management for pooled investment vehicles. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. These cookies are used to improve your experience and provide more personalized service to you. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. the MV of securities sold, whichever is less, This review was produced by SmartAsset based on publicly available information. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. Zimmerman, 52, has a powerful network of allies, including former New Jersey Governor Jon Corzine, who was Zimmermans boss at Goldman Sachs Group Inc, where he was co-chief executive officer. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. Quickly find out what the most recently closed or increased positions are. It also made $1.5 billion from the Argentine debt restructuring. Bracebridge Capital is based out of Boston. We managed to miss most of them.. BOSTON, MA This page contains links to SmartAssets financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals. As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. There are currently 16 companies in Mr. Jr.s portfolio. Management fees at Bracebridge tend to range from 1% to 2%, and incentive fees usually fluctuate from 15% to 25%. Bracebridge doesn't specify any exact fee ranges for its funds. For more information, contact the firm directly or view the government documents related to its funds. What to Watch Out For Christina Rhodes. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. Dont pay balances this way, Aerosmith announces farewell tour starting in September, Abu Dhabi court settled Dh317m in workers dues in2022, A Biden-Trump rematch? There are no guarantees that working with an adviser will yield positive returns. Bracebridge Capital - Hedge Fund Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.