In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in IAPD - Investment Adviser Public Disclosure - Homepage Bracebridge Argentina. to see more advanced email alert options such as selecting any type of She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Phone Email. Established in 1994, Bracebridge has a record of strong growth and solid investment performance. Bracebridges biggest turnaround came in 2009. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. Bracebridge Capital Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Of the $10.3 billion, thats about $1.3 billion. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our You must have a subscription to view WhaleScore histories. 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. You can manage them any time by clicking on the notification icon. Approximately 80 employees operate from our office located in Boston's historic Back Bay. It manages funds from the endowments of Yale University and Princeton University. The Bracebridge Capital office and employees reside in Boston, Massachusetts. Subscribe to WhaleWisdom to view all filing data Job Application for 2024 Summer Investment Analyst at or to simply have an email sent to you whenever we receive a new The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. Bracebridge Capital Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. All rights reserved. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. 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). 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. subscription, ePaper This review was produced by SmartAsset based on publicly available information. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. These positions were updated on February 10th based on the funds latest 13F filing. 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 does not have any disclosures listed on its Form ADV. Professionals stay away, Good afternoon. or Want to Sign up with your social account? 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], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. Contribute to the database and get 1 month free* Full online access! For more information, contact the firm directly or view the government documents related to its funds. A financial advisor can help you get your ducks in a row. Bracebridge has had only eight losing months since 2009. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. 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? Bracebridge Capital is based out of Boston. Bracebridge Capital Chad is a graduate of Holy Cross College. Create Email Alert, ***Log In or 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. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. [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. The secretive hedge fund thats generating huge profits Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. 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. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. He has also held the CTO role at Lime Brokerage and startup technology companies. SEC / JURISDICTION. 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. They are focused, intellectually honest and they love to collaborate.. Assets under management: $12 billion (as of December 31, 2020). Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. This section is about Living in UAE and essential information you cannot live without. Performance numbers calculated through 2023-02-14. Whalewisdom has at least 17 13F filings, 2 13D filings, 6 13G filings, and 1 Form 4 filings. Cons The culture at Bracebridge is broken. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. 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. Currently, their heaviest sector is Health Care making up 13.6% of He began his career in the investment industry in 1992. 6% of the total holdings value. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. We deliver exceptional results for our clients, through our hands-on, partner-led approach. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Bracebridge Capital This will schedule a job to export all requested 13f holdings data for this filer. The total portfolio value may be much higher due to cash 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Bracebridge Capital - Hedge Fund Jobs at Bracebridge Capital - Greenhouse BRACEBRIDGE CAPITAL, LLC Top 13F Holdings Bracebridge Capital, LLC (Boston Skip to legal and compliance information. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. [4] By 2012, it had $5.8 billion of assets under management. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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. That makes it the largest hedge fund in the world run by a woman. 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 global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign Founded Date Jun 1, 1994. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge [1]: Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. 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. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. You can meet this requirement either on your own or together with your spouse. 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. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. Bracebridge Capital - Wikipedia 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. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. 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. Diversity Spotlight (US Headquarters Only) Women Founded. None of the information on this page has been provided or approved by Bracebridge Capital. Performance At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. 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 was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Al Nisr Publishing LLC 2023. 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. 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. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. It sold the previously owned 296,572 shares for $2.95 million. Initially, Zimmerman and Sunshine partnered with Steyers Farallon, which bought a minority stake in the new management company they called Farallon Fixed Income Associates. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. 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. the MV of securities sold, whichever is less, When you're investing for retirement, you want to make sure you're as prepared as possible. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. 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. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. This is the Bracebridge Capital company profile. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. Direct Owners. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. email address below and choose 'Submit'. The firm pursues investment strategies primarily within the Bracebridge Capital - Crunchbase Company Profile & Funding Well send you latest news updates through the day. If you hover over the various sections of the donut, you will see the % breakdown of each score given. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. This is not an offer to buy or sell any security or interest. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. All information is accurate as of the writing of this article. Bracebridge lost about 26 per cent, making it the worst year in its history. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. 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. They had one employee. There must also be a reasonable assumption that this income trend will continue in the upcoming year. Name under which you primarily conduct your advisory business, if different from Item 1.A. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Hedge Fund The average market cap of the portfolio companies is close to $82 million. American democracy is broken, Six siblings and a driver dead in Saudi accident. Zoom between states and the national map to see the top spots in each region. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Diamond Hill Capital Management Executives. 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). Bracebridge Capital. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. [1] It manages funds from the endowments of Yale University and Princeton University. 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. BRACEBRIDGE CAPITAL, WebInsurance. are based in the Ireland. Stocks with a size of more than $100 million in market cap make up The number you see in the middle of the donut pie chart is the simple average of these scores. 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. [4] It also had more than 100 employees by February 2016. The firm manages hedge funds BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your Software Engineer Co-op @ Bracebridge Capital | Simplify The firm pursues investment strategies 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. This leaves the value of the investment at $66 billion and 6,595,065 shares. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. Headquarters Regions Greater Boston Area, East Coast, New England. 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. 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. Language links are at the top of the page across from the title. 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 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. That surpassed the 25.8 per cent return on the HFRI Relative Value index. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, All investing involves risk, including loss of principal. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. ATM 2023: Are Dubai hotels entering a 'golden age'? All rights reserved. Bracebridge Capital They manage Bracebridge Capital provides portfolio management for pooled investment vehicles. 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 Rights Reserved. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. Im very proud of the people who come to work here, she said. It may become outdated an there is no obligation to update any such information. It primarily aims to preserve capital and Bracebridge Capitals portfolio is diversified across 2 sectors. It manages $26.59 billion of regulatory assets for 12 client accounts. Our Approach It was co-founded by Nancy Zimmerman and Gabriel Sunshine. It also made $1.5 billion from the Argentine debt restructuring. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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. 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. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. 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. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. Remember that only accredited investors can work and invest in hedge funds. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. We value the innovative, entrepreneurial and collaborative culture built here over two decades. It also made $1.5 billion from the Argentine debt restructuring. There are currently 15 companies in Mr. Jr.s portfolio. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. 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. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. The opinions expressed herein are those of the publisher and are subject to change without notice. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Mr. Cook earned a B.A. REGISTRATION STATUS . Advisors look to achieve absolute returns for the funds. This article related to Boston is a stub. Bracebridge Capital Review | SmartAsset.com First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Mr. Cook joined AlphaSimplex in 2022. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Terms of Use The majority of the companies in the funds portfolio are small-cap stocks. The employee data is based on information from people who have self-reported their past or current employments at 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 As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. These cookies are used to improve your experience and provide more personalized service to you. You can also go online to the firm's website and send the firm an email directly.