Download 13F Summary 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). and a top 10 holdings concentration of 87.99%. 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. Bracebridges biggest turnaround came in 2009. Alt Turnover is calculated by taking either the total MV of new purchases or Founded Date Jun 1, 1994. SEC / JURISDICTION. WebBracebridge 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. 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. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. 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. Quickly find out what the most recently closed or increased positions are. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. are based in the Ireland. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Terms of Use She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. 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. In this review, we explore the firm's 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 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. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. Leverage boosts returns. Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. It also made $1.5 billion from the Argentine debt restructuring. 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. 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. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. There are no guarantees that working with an adviser will yield positive returns. Performance WebInsurance. 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). WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Create Email Alert, ***Log In or SEC form, multiple filers or classes of filers, and much more.***. Language links are at the top of the page across from the title. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities It primarily aims to preserve capital and ATM 2023: Are Dubai hotels entering a 'golden age'? 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. 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. There must also be a reasonable assumption that this income trend will continue in the upcoming year. None of the information on this page has been provided or approved by Bracebridge Capital. Direct Owners. 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 Stocks with a size of more than $100 million in market cap make up This will schedule a job to export all requested 13f holdings data for this filer. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. divided by the total MV of the fund. She stayed with them for three years after graduation, on the raucous floor of the Chicago Mercantile Exchange. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. All text and design is copyright 2020 WhaleWisdom.com. 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. The firm manages hedge funds Bracebridge Capitals portfolio is diversified across 2 sectors. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. the total portfolio value. He began his career in the investment industry in 1992. 2023 AlphaSimplex Group, LLC. EFFECTIVE DATE; SEC: When you're investing for retirement, you want to make sure you're as prepared as possible. On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. 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. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. Bracebridge There are currently 15 companies in Mr. Jr.s portfolio. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. You must have a subscription to view WhaleScore histories. 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. Bracebridge Capital does not have any disclosures listed on its Form ADV. subscription, ePaper for Q4 2022: commodity pool operator or commodity trading advisor, Percentage of assets under management,Performance-based fees, MEMBER, CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER. 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. You can also go online to the firm's website and send the firm an email directly. [4] It also had more than 100 employees by February 2016. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. 500 Boylston Street Suite 1700Boston, MA 02116United States. 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. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. Bracebridge Capital. You are now leaving AlphaSimplexs website and are being connected to a third-party website. The firm pursues investment strategies We managed to miss most of them.. The firm pursues investment strategies primarily within the The Bracebridge Capital office and employees reside in Boston, Massachusetts. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. 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. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. 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. The firm pursues investment strategies Bracebridge Capital is based out of Boston. Both on your website and other media. Mr. Cook joined AlphaSimplex in 2022. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Advisors look to achieve absolute returns for the funds. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. 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 After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Have multiple credit cards? Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our Headquarters Regions Greater Boston Area, East Coast, New England. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. 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. 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." Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. 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. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. In order to invest in hedge funds, you must be considered an accredited investor. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. 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. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. The firm pursues investment strategies primarily within the We believe our firms greatest asset is the people who work here. 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. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. 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 The largest investments include Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Of the $10.3 billion, thats about $1.3 billion. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge trades a wide range of securities and derivatives. 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. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. It sold the previously owned 296,572 shares for $2.95 million. 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? Name under which you primarily conduct your advisory business, if different from Item 1.A. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. containing a link to download the .zip file of the CSV file(s) you requested. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. This is not an offer to buy or sell any security or interest. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Sunshine owns a 5% stake in Bracebridge as of 2017. HighVista Strategies. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. The number you see in the middle of the donut pie chart is the simple average of these scores. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. 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. 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. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. REGISTRATION STATUS. The job you are looking for is no longer open. Im very proud of the people who come to work here, she said. These positions were updated on February 10th based on the funds latest 13F filing. All content is posted anonymously by employees working at Bracebridge Capital. Sign-up They manage WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. All information is accurate as of the writing of this article. and Zimmerman credited her more than 100 employees for the firms success. 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. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. to see more advanced email alert options such as selecting any type of These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. That surpassed the 25.8 per cent return on the HFRI Relative Value index. They are focused, intellectually honest and they love to collaborate.. WebBracebridge Capital, LLC is a large advisory firm based in Boston. Bracebridge has had only eight losing months since 2009. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Considerworking with a local financial advisortoday. Mr. Cook earned a B.A. [1] It manages funds from the endowments of Yale University and Princeton University. REGISTRATION STATUS . This website stores cookies on your computer. 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. All rights reserved. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. All rights reserved. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. This is the Bracebridge Capital company profile. That makes it the largest hedge fund in the world run by a woman. Remember that only accredited investors can work and invest in hedge funds. We deliver exceptional results for our clients, through our hands-on, partner-led approach. The fund focuses on investments in the Ireland as BOSTON, MA 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. 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. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Skip to legal and compliance information. He has also held the CTO role at Lime Brokerage and startup technology companies. When completed, an email will be sent to the email address you specify Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. 2005-2023 Wall Street Oasis. I am excited for this forum and todays discussion on There are currently 16 companies in Mr. Jr.s portfolio. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Good afternoon. 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. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. Phone Email. These cookies are used to improve your experience and provide more personalized service to you. Diversity Spotlight (US Headquarters Only) Women Founded. The firm pursues an investment strategy Hedge Fund Assistant VP, Product Development B MAST Global. Nancy Zimmerman founded Bracebridge Capital. the MV of securities sold, whichever is less, 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 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. 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. 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. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. You can help Wikipedia by expanding it. Bracebridge lost about 26 per cent, making it the worst year in its history. Phone Email. At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. American democracy is broken, Six siblings and a driver dead in Saudi accident. 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. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Approximately 80 employees operate from our office located in Boston's historic Back Bay. Cities where $1 million lasted the longest ranked the highest in the study. All Rights Reserved. Assets under management: $12 billion (as of December 31, 2020). You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. [1]: We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. 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. They had one employee. or Want to Sign up with your social account? Bracebridge doesn't specify any exact fee ranges for its funds. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. It also made $1.5 billion from the Argentine debt restructuring. [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. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. It also employs several other individuals to help manage the day-to-day operations of the firm. 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. The strategy hasnt always come up roses. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. All investing involves risk, including loss of principal. You can manage them any time by clicking on the notification icon. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. [2]: Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. How do I update this listing? assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. If you meet that requirement, go ahead and reach out to the firm for more information. Diamond Hill Capital Management Executives. All rights reserved. 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 You can meet this requirement either on your own or together with your spouse. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Chad is an internationally published author, speaker, and innovator. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. $119 billion and $119 billion respectively. The Overall Ranking is generated based on the Company Reviews. 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.