When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. This article related to Boston is a stub. 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. 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. Zimmerman credited her more than 100 employees for the firms success. 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 We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Sunshine owns a 5% stake in Bracebridge as of 2017. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. [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 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. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The fund focuses on investments in the Ireland as containing a link to download the .zip file of the CSV file(s) you requested. BRACEBRIDGE CAPITAL, WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Our Approach To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, Digital 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. Approximately 150 employees operate from our office located in Bostons historic Back Bay. It manages funds from the endowments of Yale University and Princeton University. 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. Fund of Funds. Privacy Policy. Chad is an internationally published author, speaker, and innovator. At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. Quickly find out what the most recently closed or increased positions are. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. It also made $1.5 billion from the Argentine debt restructuring. The strategy hasnt always come up roses. or to simply have an email sent to you whenever we receive a new Average Retirement Savings: How Do You Compare? In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in 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. If you meet that requirement, go ahead and reach out to the firm for more 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. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. 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 data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. to see more advanced email alert options such as selecting any type of The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities You can meet this requirement either on your own or together with your spouse. It also employs several other individuals to help manage the day-to-day operations of the firm. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. You are now leaving AlphaSimplexs website and are being connected to a third-party website. 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. 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. 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). 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. 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. All rights reserved. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. Contribute to the database and get 1 month free* Full online access! Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. The adviser's REGISTRATION status is listed below. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. 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. 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. There are currently 16 companies in Mr. Jr.s portfolio. These positions were updated on February 10th based on the funds latest 13F filing. Their last Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. It manages $26.59 billion of regulatory assets for 12 client accounts. All information is accurate as of the writing of this article. You must have a subscription to view WhaleScore histories. That surpassed the 25.8 per cent return on the HFRI Relative Value index. 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. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Advisors look to achieve absolute returns for the funds. You can help Wikipedia by expanding it. [8][9] Its chief operating officer is John Spinney. 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. 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. are based in the Ireland. 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. Cities where $1 million lasted the longest ranked the highest in the study. Established in 1994, Bracebridge has a record of strong growth and solid investment performance. We deliver exceptional results for our clients, through our hands-on, partner-led approach. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your Zoom between states and the national map to see the top spots in each region. the MV of securities sold, whichever is less, [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. The Overall Ranking is generated based on the Company Reviews. Considerworking with a local financial advisortoday. Also, scroll over any city to learn about the cost of living in retirement for that location. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. 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? [4] By 2012, it had $5.8 billion of assets under management. 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. This will schedule a job to export all requested 13f holdings data for this filer. When completed, an email will be sent to the email address you specify Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. They manage Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. 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. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. Phone Email. This website stores cookies on your computer. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Mr. Cook earned a B.A. and a top 10 holdings concentration of 87.99%. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. 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 REGISTRATION STATUS . On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. 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. Hedge Fund Im very proud of the people who come to work here, she said. 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. Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political 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. All content is posted anonymously by employees working at Bracebridge Capital. A financial advisor can help you get your ducks in a row. On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. I am excited for this forum and todays discussion on Diamond Hill Capital Management Executives. 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). WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Skip to legal and compliance information. All rights reserved. Bracebridge Good afternoon. She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. 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. 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. Cons The culture at Bracebridge is broken. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Assets under management: $12 billion (as of December 31, 2020). Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. divided by the total MV of the fund. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. 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. Stocks with a size of more than $100 million in market cap make up There must also be a reasonable assumption that this income trend will continue in the upcoming year. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. the total portfolio value. Performance numbers calculated through 2023-02-14. He began his career in the investment industry in 1992. Assistant VP, Product Development B MAST Global. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. You can manage them any time by clicking on the notification icon. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, 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. How do I update this listing? [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. None of the information on this page has been provided or approved by 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. Direct Owners. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. Bracebridge lost about 26 per cent, making it the worst year in its history. Investment Advisor 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. Bracebridge has had only eight losing months since 2009. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). We believe our firms greatest asset is the people who work here. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. REGISTRATION STATUS. 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. In order to invest in hedge funds, you must be considered an accredited investor. SEC / JURISDICTION. Whalewisdom has at least 17 13F filings, 2 13D filings, 6 13G filings, and 1 Form 4 filings. BOSTON, MA 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 firm pursues investment strategies 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. 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. 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. 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. The total portfolio value may be much higher due to cash [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. There are currently 15 companies in Mr. Jr.s portfolio. 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. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. 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. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. 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. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. Bracebridge trades a wide range of securities and derivatives. Headquarters Regions Greater Boston Area, East Coast, New England. Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. In this review, we explore the firm's The majority of the companies in the funds portfolio are small-cap stocks. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. 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. Bracebridge doesn't specify any exact fee ranges for its funds. The firm manages hedge funds All investing involves risk, including loss of principal. 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. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. American democracy is broken, Six siblings and a driver dead in Saudi accident. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. The firm pursues investment strategies primarily within the A few of these funds are hedge funds. 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. 2005-2023 Wall Street Oasis. Sign-up Language links are at the top of the page across from the title. Bracebridge Capital does not have any disclosures listed on its Form ADV. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. Diversity Spotlight (US Headquarters Only) Women Founded. 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.
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