Al Nisr Publishing LLC 2023. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. She stayed with them for three years after graduation, on the raucous floor of the Chicago Mercantile Exchange. 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. 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). [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. 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 Capital is a hedge fund based in Boston, Massachusetts. We believe our firms greatest asset is the people who work here. For example, check out our. 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. That surpassed the 25.8 per cent return on the HFRI Relative Value index. divided by the total MV of the fund. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. 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. Diamond Hill Capital Management Executives. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. It primarily aims to preserve capital and Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Australia. All investing involves risk, including loss of principal. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. 2023 AlphaSimplex Group, LLC. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. 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 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. 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. containing a link to download the .zip file of the CSV file(s) you requested. to see more advanced email alert options such as selecting any type of As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. are based in the Ireland. There are currently 16 companies in Mr. Jr.s portfolio. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. [1]: The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. A financial advisor can help you get your ducks in a row. Christina Rhodes. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. All information is accurate as of the writing of this article. This section is about Living in UAE and essential information you cannot live without. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. These cookies are used to improve your experience and provide more personalized service to you. Bracebridge Capital is based out of Boston. This is the Bracebridge Capital company profile. The number you see in the middle of the donut pie chart is the simple average of these scores. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). or to simply have an email sent to you whenever we receive a new The firm pursues investment strategies John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. The job you are looking for is no longer open. 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. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. 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. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. Our Approach Also, scroll over any city to learn about the cost of living in retirement for that location. Bracebridge Capital provides portfolio management for pooled investment vehicles. Sunshine owns a 5% stake in Bracebridge as of 2017. It sold the previously owned 296,572 shares for $2.95 million. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. 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. The total portfolio value may be much higher due to cash HighVista Strategies. Sign-up Language links are at the top of the page across from the title. 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. You must have a subscription to view WhaleScore histories. Bracebridge First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Their last [2]: [4] It also had more than 100 employees by February 2016. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. 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. Bracebridge doesn't specify any exact fee ranges for its funds. 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. 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. 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 Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Skip to legal and compliance information. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. The firm manages hedge funds All text and design is copyright 2020 WhaleWisdom.com. Phone Email. 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. 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. Privacy Policy. 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. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. All content is posted anonymously by employees working at Bracebridge Capital. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Professionals stay away, We value the innovative, entrepreneurial and collaborative culture built here over two decades. REGISTRATION STATUS. Bracebridge is a manager of absolute return investment funds. Mr. Cook joined AlphaSimplex in 2022. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. 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 He has also held the CTO role at Lime Brokerage and startup technology companies. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. 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. 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. 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. 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 Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ 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. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. [4] By 2012, it had $5.8 billion of assets under management. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. Approximately 80 employees operate from our office located in Boston's historic Back Bay. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. Sunshine owns a 5% stake in Bracebridge as of 2017. or Want to Sign up with your social account? The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. This article related to Boston is a stub. Alt Turnover is calculated by taking either the total MV of new purchases or The fund had a 10% annual return from 1994 to 2016. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. A few of these funds are hedge funds. 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. Contribute to the database and get 1 month free* Full online access! John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. 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). Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. They are focused, intellectually honest and they love to collaborate.. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. It also employs several other individuals to help manage the day-to-day operations of the firm. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. You are limited to the prior 8 quarters of 13F filings. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, 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. You can meet this requirement either on your own or together with your spouse. Hedge Fund Both on your website and other media. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. Terms of Use The Bracebridge Capital office and employees reside in Boston, Massachusetts. and a top 10 holdings concentration of 87.99%. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The strategy hasnt always come up roses. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. You can manage them any time by clicking on the notification icon. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Download 13F Summary 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 may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. , 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. I am excited for this forum and todays discussion on 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. Average Retirement Savings: How Do You Compare? There are currently 15 companies in Mr. Jr.s portfolio. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. These positions were updated on February 10th based on the funds latest 13F filing. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Bracebridge Capital does not have any disclosures listed on its Form ADV. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. Name under which you primarily conduct your advisory business, if different from Item 1.A. The adviser's REGISTRATION status is listed below. This will schedule a job to export all requested 13f holdings data for this filer. Have multiple credit cards? BRACEBRIDGE CAPITAL, 2005-2023 Wall Street Oasis. 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. 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). In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. SEC form, multiple filers or classes of filers, and much more.***. Phone Email. Well send you latest news updates through the day. He began his career in the investment industry in 1992. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Remember that only accredited investors can work and invest in hedge funds. Bracebridge trades a wide range of securities and derivatives. 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." Headquarters Regions Greater Boston Area, East Coast, New England. 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. 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 opinions expressed herein are those of the publisher and are subject to change without notice. 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. Create Email Alert, ***Log In or and Im very proud of the people who come to work here, she said. Stocks with a size of more than $100 million in market cap make up 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. Mr. Cook earned a B.A. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. When you're investing for retirement, you want to make sure you're as prepared as possible. 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 SEC / JURISDICTION. 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. Her first job was buying Japanese yen options, she said. Ackmans Pershing Square Holdings, the publicly traded part of his activist hedge fund, lost 20.5 per cent last year, hurt in part by a drop in the shares of drugmaker Valeant Pharmaceuticals International Inc Einhorns Greenlight Capital suffered the second losing year in its history, with its main fund falling 20.4 per cent due to wrong-way stock picks. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. Advisors look to achieve absolute returns for the funds. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. 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. TOWNLEY, WILLIAM, DANFORTH. 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. [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. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. 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. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. It also made $1.5 billion from the Argentine debt restructuring. We believe our firms greatest asset is the people who work here. Founded Date Jun 1, 1994. 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. None of the information on this page has been provided or approved by Bracebridge Capital. BOSTON, MA This review was produced by SmartAsset based on publicly available information. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. 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. Leverage boosts returns. The majority of the companies in the funds portfolio are small-cap stocks. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. The Overall Ranking is generated based on the Company Reviews. In order to invest in hedge funds, you must be considered an accredited investor. 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 Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Quickly find out what the most recently closed or increased positions are. 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. All Rights Reserved. Bracebridge lost about 26 per cent, making it the worst year in its history. 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. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. 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? Chad is an internationally published author, speaker, and innovator. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political 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. It manages $26.59 billion of regulatory assets for 12 client accounts. The fund focuses on investments in the Ireland as The firm pursues investment strategies primarily within the WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. It manages funds from the endowments of Yale University and Princeton University. Good afternoon. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. The firm pursues an investment strategy Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. They had one employee. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. When completed, an email will be sent to the email address you specify 6.3% of the portfolio companies American democracy is broken, Six siblings and a driver dead in Saudi accident. The firm pursues investment strategies primarily within the There must also be a reasonable assumption that this income trend will continue in the upcoming year. the total portfolio value. 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.
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