Cons The culture at Bracebridge is broken. 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 The total portfolio value may be much higher due to cash Bracebridge Capital Review | SmartAsset.com Chad is a graduate of Holy Cross College. Phone Email. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our [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. SEC / JURISDICTION. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. The firm pursues investment strategies primarily within the Have multiple credit cards? 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. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. Quickly find out what the most recently closed or increased positions are. BRACEBRIDGE CAPITAL, LLC Top 13F Holdings There are currently 16 companies in Mr. Jr.s portfolio. Assets under management: $12 billion (as of December 31, 2020). 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. In this review, we explore the firm's 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 does not have any disclosures listed on its Form ADV. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. It may become outdated an there is no obligation to update any such information. 500 Boylston Street Suite 1700Boston, MA 02116United States. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. Argentina. [4] It also had more than 100 employees by February 2016. All investing involves risk, including loss of principal. For more information, contact the firm directly or view the government documents related to its funds. 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. , whose value fell approximately 0.1% in the past six months, Clean Earth Acquisitions Cor worth $6.08 billion, with 900,000 shares owned, Stocks and cryptocurrency portfolio tracker. Bracebridge Capital, LLC (Boston [4] By 2012, it had $5.8 billion of assets under management. Remember that only accredited investors can work and invest in hedge funds. It also made $1.5 billion from the Argentine debt restructuring. Nancy Zimmerman founded Bracebridge Capital. Bracebridge 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. 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 Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. Approximately 80 employees operate from our office located in Boston's historic Back Bay. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. That surpassed the 25.8 per cent return on the HFRI Relative Value index. Bracebridge Capital Terms of Use In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. All Rights Reserved. Bracebridge Capital 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. REGISTRATION STATUS. Bracebridge is a manager of absolute return investment funds. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. Approximately 150 employees operate from our office located in Bostons historic Back Bay. These cookies are used to improve your experience and provide more personalized service to you. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. WebBracebridge Capital, LLC is a large advisory firm based in Boston. 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 had one employee. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. None of the information on this page has been provided or approved by Bracebridge Capital. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in All text and design is copyright 2020 WhaleWisdom.com. 2023 AlphaSimplex Group, LLC. How do I update this listing? Bracebridge Capital. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Phone Email. BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. BRACEBRIDGE CAPITAL 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. Of the $10.3 billion, thats about $1.3 billion. That makes it the largest hedge fund in the world run by a woman. WebInsurance. Bracebridge Bracebridge Capital - Company Database | Wall Street Oasis 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. The adviser's REGISTRATION status is listed below. 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. They manage 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. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. [2]: Mr. Cook earned a B.A. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital - Crunchbase Company Profile & Funding Hedge Fund Bracebridge Capital - Wikipedia the total portfolio value. Sunshine owns a 5% stake in Bracebridge as of 2017. 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. 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 As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. The firm manages hedge funds 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 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 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your We give you the access and tools to invest like a Wall Street money manager at a Main Street price. All content is posted anonymously by employees working at Bracebridge Capital. Professionals stay away, Bracebridge Capital CEO And Leadership: Executives and The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. We deliver exceptional results for our clients, through our hands-on, partner-led approach. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Bracebridge Capital, LLC | LinkedIn All rights reserved. SEC form, multiple filers or classes of filers, and much more.***. 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. and The strategy hasnt always come up roses. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. You can meet this requirement either on your own or together with your spouse. [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. Diversity Spotlight (US Headquarters Only) Women Founded. subscription, ePaper All rights reserved. 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 has had only eight losing months since 2009. Bracebridge Capital provides portfolio management for pooled investment vehicles. 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. 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. Contribute to the database and get 1 month free* Full online access! On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. 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. Good afternoon. Bracebridge Capital WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Performance divided by the total MV of the fund. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. 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). WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Christina Rhodes. 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. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Skip to legal and compliance information. Their last All rights reserved. Bracebridges biggest turnaround came in 2009. Chad is an internationally published author, speaker, and innovator. Direct Owners. There are no guarantees that working with an adviser will yield positive returns. Bracebridge Capital Headquarters Regions Greater Boston Area, East Coast, New England. 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 global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. Zoom between states and the national map to see the top spots in each region. 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. Bracebridge Capital assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. The Bracebridge Capital office and employees reside in Boston, Massachusetts. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. 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. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. Privacy Policy. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Our Approach Zimmerman credited her more than 100 employees for the firms success. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. 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. He has also held the CTO role at Lime Brokerage and startup technology companies. 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. 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. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. Currently, their heaviest sector is Health Care making up 13.6% of 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 two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. 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. 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? Currently, Bracebridge Capital's portfolio is worth at least $119 billion. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 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 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 doesn't specify any exact fee ranges for its funds. It also made $1.5 billion from the Argentine debt restructuring. [1]: Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. 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. 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. to see more advanced email alert options such as selecting any type of [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. Harvard, Shleifer and the US Justice Department eventually reached an agreement in which the university paid $26.5 million to settle a civil lawsuit and Shleifer paid $2 million. Bracebridge Capital - Hedge Fund Bracebridge Capitals portfolio is diversified across 2 sectors. There are currently 15 companies in Mr. Jr.s portfolio. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. are based in the Ireland. A few of these funds are hedge funds. 6% of the total holdings value. This is the Bracebridge Capital company profile. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ All information is accurate as of the writing of this article. Name under which you primarily conduct your advisory business, if different from Item 1.A. Advisors look to achieve absolute returns for the funds. 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. This will schedule a job to export all requested 13f holdings data for this filer. 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. The firm pursues investment strategies For example, check out our. HighVista Strategies. These positions were updated on February 10th based on the funds latest 13F filing. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. When completed, an email will be sent to the email address you specify 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. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. This website stores cookies on your computer. 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. Download 13F Summary There must also be a reasonable assumption that this income trend will continue in the upcoming year. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. 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. The majority of the companies in the funds portfolio are small-cap stocks. BOSTON, MA Sunshine owns a 5% stake in Bracebridge as of 2017. 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. Average Retirement Savings: How Do You Compare? You must have a subscription to view WhaleScore histories. Bracebridge trades a wide range of securities and derivatives. 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.
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bracebridge capital strategy