Privacy Policy. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. [1]: Both on your website and other media. All rights reserved. We believe our firms greatest asset is the people who work here. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. or to simply have an email sent to you whenever we receive a new Cons The culture at Bracebridge is broken. Remember that only accredited investors can work and invest in hedge funds. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. 6.3% of the portfolio companies He began his career in the investment industry in 1992. 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 The strategy hasnt always come up roses. It manages $26.59 billion of regulatory assets for 12 client accounts. 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. View latest Form ADV filed Part 2 Brochures. Argentina. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. 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. All text and design is copyright 2020 WhaleWisdom.com. Bracebridge lost about 26 per cent, making it the worst year in its history. Sunshine owns a 5% stake in Bracebridge as of 2017. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. 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. 500 Boylston Street Suite 1700Boston, MA 02116United States. Of the $10.3 billion, thats about $1.3 billion. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Shes employing this leveraged strategy to exploit pricing differentials in the fixed-income world with an obsessive focus on risk, Swensen said in an interview. 2005-2023 Wall Street Oasis. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. 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 is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. HighVista Strategies. You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in The firm pursues an investment strategy Established in 1994, Bracebridge has a record of strong growth and solid investment performance. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. The fund had a 10% annual return from 1994 to 2016. are based in the Ireland. Bracebridge 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 Skip to legal and compliance information. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. Direct Owners. All content is posted anonymously by employees working at Bracebridge Capital. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Zimmerman credited her more than 100 employees for the firms success. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. The funds 2 per cent gain last year eclipsed the industry, which was up 0.6 per cent on average, according to data compiled by Bloomberg. If you meet that requirement, go ahead and reach out to the firm for more information. Bracebridge doesn't specify any exact fee ranges for its funds. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. Bracebridge Capital does not have any disclosures listed on its Form ADV. Professionals stay away, He has also held the CTO role at Lime Brokerage and startup technology companies. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Her first job was buying Japanese yen options, she said. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. All Rights Reserved. Diversity Spotlight (US Headquarters Only) Women Founded. [8][9] Its chief operating officer is John Spinney. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. SEC form, multiple filers or classes of filers, and much more.***. BOSTON, MA We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. 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. It manages funds from the endowments of Yale University and Princeton University. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. Contribute to the database and get 1 month free* Full online access! We deliver exceptional results for our clients, through our hands-on, partner-led approach. subscription, ePaper WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. 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. Christina Rhodes. REGISTRATION STATUS . 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. Bracebridges biggest turnaround came in 2009. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. Leverage boosts returns. The adviser's REGISTRATION status is listed below. Well send you latest news updates through the day. Assets under management: $12 billion (as of December 31, 2020). The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. A financial advisor can help you get your ducks in a row. This website stores cookies on your computer. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. 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. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. A few of these funds are hedge funds. We value the innovative, entrepreneurial and collaborative culture built here over two decades. 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. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The Overall Ranking is generated based on the Company Reviews. Mr. Cook has been published worldwide on technology and security topics and has spoken on these topics at venues including NATO, the United Nations, and the SEC. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. How do I update this listing? TOWNLEY, WILLIAM, DANFORTH. 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. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. All information is accurate as of the writing of this article. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Australia. Bracebridge Capital is based out of Boston. When you're investing for retirement, you want to make sure you're as prepared as possible. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. The firm pursues investment strategies 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. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. All investing involves risk, including loss of principal. Bracebridge trades a wide range of securities and derivatives. EFFECTIVE DATE; SEC: Chad is a graduate of Holy Cross College. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. You can manage them any time by clicking on the notification icon. 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. Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. The firm pursues investment strategies primarily within the Their last The majority of the companies in the funds portfolio are small-cap stocks. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. All rights reserved. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. 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. 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. [2]: Cities where $1 million lasted the longest ranked the highest in the study. The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. 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. He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. 2023 AlphaSimplex Group, LLC. 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. When completed, an email will be sent to the email address you specify Bracebridge has had only eight losing months since 2009. REGISTRATION STATUS. BRACEBRIDGE CAPITAL, You can meet this requirement either on your own or together with your spouse. Assistant VP, Product Development B MAST Global. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. 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. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. Mr. Cook earned a B.A. 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. 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. This leaves the value of the investment at $66 billion and 6,595,065 shares. There are currently 16 companies in Mr. Jr.s portfolio. 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. $119 billion and $119 billion respectively. I am excited for this forum and todays discussion on 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your 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 Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Bracebridge is a manager of absolute return investment funds. The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. 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. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. The fund focuses on investments in the Ireland as 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. The firm manages hedge funds Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Also, scroll over any city to learn about the cost of living in retirement for that location. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. 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? This article related to Boston is a stub. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. They manage Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. [4], By February 2016, it had assets of $10.3 billion,[10] making it the largest hedge fund managed by a woman in the world. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). This will schedule a job to export all requested 13f holdings data for this filer. 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. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. Subscribe to WhaleWisdom to view all filing data 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. Im very proud of the people who come to work here, she said. The number you see in the middle of the donut pie chart is the simple average of these scores. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. The firm pursues investment strategies John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. This section is about Living in UAE and essential information you cannot live without. It also made $1.5 billion from the Argentine debt restructuring. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 6% of the total holdings value. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions. BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. Sign-up 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. Language links are at the top of the page across from the title. They are focused, intellectually honest and they love to collaborate.. It also employs several other individuals to help manage the day-to-day operations of the firm. 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. Have multiple credit cards? Alt Turnover is calculated by taking either the total MV of new purchases or WebInsurance. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. Chad is an internationally published author, speaker, and innovator. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. There are currently 15 companies in Mr. Jr.s portfolio. There are no guarantees that working with an adviser will yield positive returns. Bracebridge 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). Terms of Use This review was produced by SmartAsset based on publicly available information. You are now leaving AlphaSimplexs website and are being connected to a third-party website. It also made $1.5 billion from the Argentine debt restructuring. In order to invest in hedge funds, you must be considered an accredited investor. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. 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. It sold the previously owned 296,572 shares for $2.95 million. You are limited to the prior 8 quarters of 13F filings. 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. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. Download 13F Summary Average Retirement Savings: How Do You Compare? American democracy is broken, Six siblings and a driver dead in Saudi accident. Funds also incur incentive or performance fees, which are typically higher than management fees and are only taken from a certain amount of gain from each fund. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. medical internships in uk for international students, mass effect 3 party invite up or turn away, adams county accidents,