Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. divided by the total MV of the fund. Good afternoon. the MV of securities sold, whichever is less, Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. We managed to miss most of them.. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Approximately 80 employees operate from our office located in Boston's historic Back Bay. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. The fund focuses on investments in the Ireland as or Want to Sign up with your social account? This review was produced by SmartAsset based on publicly available information. [1]: Leverage boosts returns. Bracebridge trades a wide range of securities and derivatives. Bracebridge doesn't specify any exact fee ranges for its funds. Subscribe to WhaleWisdom to view all filing data 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 leading hedge fund manager with over $12 billion of net assets under management. It manages $26.59 billion of regulatory assets for 12 client accounts. Assistant VP, Product Development B MAST Global. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. All rights reserved. Sunshine owns a 5% stake in Bracebridge as of 2017. Phone Email. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. WebBracebridge Capital, LLC is a large advisory firm based in Boston. 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. Mr. Cook joined AlphaSimplex in 2022. How do I update this listing? There are currently 15 companies in Mr. Jr.s portfolio. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. Bracebridge Capital is based out of Boston. Bracebridge Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. Bracebridge Capital Fund Manager Profile | Preqin Our Approach Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Cities where $1 million lasted the longest ranked the highest in the study. 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 Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. All rights reserved. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. or to simply have an email sent to you whenever we receive a new Hedge Fund Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. 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). He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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. 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. Have multiple credit cards? EFFECTIVE DATE; SEC: Their last from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. There are no guarantees that working with an adviser will yield positive returns. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The firm pursues investment strategies primarily within the Bracebridge lost about 26 per cent, making it the worst year in its history. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. 6% of the total holdings value. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. Bracebridge is a manager of absolute return investment funds. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. All content is posted anonymously by employees working at Bracebridge Capital. Bracebridge Capital Reviews Established in 1994, Bracebridge has a record of strong growth and solid investment performance. 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. Boston: In a year when titans Bill Ackman and David Einhorn each lost more than 20 per cent for their investors, David Swensens bet on a little-known hedge fund kept making him money. 6.3% of the portfolio companies Quickly find out what the most recently closed or increased positions are. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. This is not an offer to buy or sell any security or interest. For more information, contact the firm directly or view the government documents related to its funds. The strategy hasnt always come up roses. A financial advisor can help you get your ducks in a row. In 1996, the entity now officially known as Bracebridge replaced the original founding entity, and the firm has been in business ever since, registering with the U.S. Securities and Exchange Commission (SEC) in 2012. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Of the $10.3 billion, thats about $1.3 billion. The firm pursues an investment strategy 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. All information is accurate as of the writing of this article. This will schedule a job to export all requested 13f holdings data for this filer. The adviser's REGISTRATION status is listed below. The fund had a 10% annual return from 1994 to 2016. Name under which you primarily conduct your advisory business, if different from Item 1.A. A few of these funds are hedge funds. Christina Rhodes. ATM 2023: Are Dubai hotels entering a 'golden age'? Thank you to the Office of the Advocate for Small Business Capital Formation for hosting the 42 nd Annual Small Business Forum and to our panelists for participating. [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. You can help Wikipedia by expanding it. They are focused, intellectually honest and they love to collaborate.. All Rights Reserved. We deliver exceptional results for our clients, through our hands-on, partner-led approach. 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. 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. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Bracebridge Capital 13F annual report (2023) | wallmine Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Bracebridge Capital, LLC (Boston Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. They manage GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. email address below and choose 'Submit'. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. The firm pursues investment strategies primarily within the Software Engineer Co-op @ Bracebridge Capital | Simplify Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. The third-largest holding is Ambac Finl Group Inc worth $13.9 billion and the next is Clean Earth Acquisitions Cor worth $6.08 billion, with 900,000 shares owned. 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. Terms of Use It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Create Email Alert, ***Log In or Bracebridge Capital does not have any disclosures listed on its Form ADV. Chad spent the last 9 years in the financial and electronic trading sector, having served as CTO for Lime Brokerage LLC, where he was voted one of the Top 21 CTOs in Electronic Trading, 2013. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. Bracebridge Capital Diversity Spotlight (US Headquarters Only) Women Founded. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Fund of Funds. 2005-2023 Wall Street Oasis. WebInsurance. Bracebridge Capital [1] It manages funds from the endowments of Yale University and Princeton University. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our Bracebridge Capital On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. It primarily aims to preserve capital and Sunshine owns a 5% stake in Bracebridge as of 2017. REGISTRATION STATUS. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. Contribute to the database and get 1 month free* Full online access! One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. The Bracebridge Capital office and employees reside in Boston, Massachusetts. Diamond Hill Capital Management Executives. , 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 is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. Bracebridges biggest turnaround came in 2009. In order to invest in hedge funds, you must be considered an accredited investor. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. I am excited for this forum and todays discussion on Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Bracebridge has had only eight losing months since 2009. Advisors look to achieve absolute returns for the funds. Bracebridge Capital - Company Database | Wall Street Oasis 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. Though her roots are in the Midwest, shes a Bostonian now, relishing Red Sox games and working behind the scenes for a number of the citys philanthropies. Her first job was buying Japanese yen options, she said. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. We believe our firms greatest asset is the people who work here. 500 Boylston Street Suite 1700Boston, MA 02116United States. In this review, we explore the firm's 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 has gone from $5.8b in assets four years ago to $10.3b today. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. The job you are looking for is no longer open. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The secretive hedge fund thats generating huge profits 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. Bracebridge Capital For over 20 years we have pursued investment strategies that seek absolute returns largely uncorrelated with broad moves in equities, currencies and rates. Bracebridge manages assets for a diverse, sophisticated, global investor base that includes endowments, foundations, pensions, and high net worth individuals. [4] By 2012, it had $5.8 billion of assets under management. Bracebridge Capital The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. There must also be a reasonable assumption that this income trend will continue in the upcoming year. Bracebridge Capital - Hedge Fund BRACEBRIDGE CAPITAL, LLC Top 13F Holdings Average Retirement Savings: How Do You Compare? These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. Bracebridge Capital All investing involves risk, including loss of principal. 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. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Remember that only accredited investors can work and invest in hedge funds. These positions were updated on February 10th based on the funds latest 13F filing. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. 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. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. He has a long and successful track record of building high-quality engineering teams, setting strategy, and creating vision, all while executing and delivering high-quality technology products. Both on your website and other media. Bracebridge Capital CEO And Leadership: Executives and Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. As of 3rd February 2023, Bracebridge Capitals top holding is 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. It also employs several other individuals to help manage the day-to-day operations of the firm. Phone Email. 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. Bracebridge Capital Review | SmartAsset.com Bracebridge Capital SEC / JURISDICTION. 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 Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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? Argentina. 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. TOWNLEY, WILLIAM, DANFORTH. the total portfolio value. As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. He has also held the CTO role at Lime Brokerage and startup technology companies. 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. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. This is the Bracebridge Capital company profile. 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 It manages funds from the endowments of Yale University and Princeton University. The largest investments include Cons The culture at Bracebridge is broken. None of the information on this page has been provided or approved by Bracebridge Capital. This website stores cookies on your computer. These countries have visas for you, After UAE-India CEPA, dirham-rupee trade next big thing, Fed may hike rates again despite signs of slow growth. Direct Owners. 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. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. 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 Only includes UK, France, Germany, Japan, and HKEX are presently being processed.