Bracebridge Capital 6% of the total holdings value. Initially, Zimmerman and Sunshine partnered with Steyers Farallon, which bought a minority stake in the new management company they called Farallon Fixed Income Associates. SEC / JURISDICTION. Performance numbers calculated through 2023-02-14. Australia. Bracebridge Capital Reviews The number you see in the middle of the donut pie chart is the simple average of these scores. Fund of Funds. 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. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. You must have a subscription to view WhaleScore histories. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. The adviser's REGISTRATION status is listed below. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. Nancy Zimmermans Bracebridge Capital has gone from $5.8 billion in assets four years ago to $10.3 billion today with a return of about 10 per cent a year since its inception. 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. Alt Turnover is calculated by taking either the total MV of new purchases or Mr. Cook joined AlphaSimplex in 2022. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. Stocks with a size of more than $100 million in market cap make up Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. Argentina. Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. 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. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Bracebridge Capital, LLC | LinkedIn Bracebridge Capital 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. 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. Sunshine owns a 5% stake in Bracebridge as of 2017. 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. None of the information on this page has been provided or approved by Bracebridge Capital. When you're investing for retirement, you want to make sure you're as prepared as possible. 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. The majority of the companies in the funds portfolio are small-cap stocks. Good afternoon. There must also be a reasonable assumption that this income trend will continue in the upcoming year. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. Software Engineer Co-op @ Bracebridge Capital | Simplify Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. In order to invest in hedge funds, you must be considered an accredited investor. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. It also made $1.5 billion from the Argentine debt restructuring. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between 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. 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 You can help Wikipedia by expanding it. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Assistant VP, Product Development B MAST Global. 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 fund had a 10% annual return from 1994 to 2016. Advisors look to achieve absolute returns for the funds. 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. Well send you latest news updates through the day. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. TOWNLEY, WILLIAM, DANFORTH. Bracebridge Bracebridge Capital does not have any disclosures listed on its Form ADV. Bracebridge Capital Fund Manager Profile | Preqin That makes it the largest hedge fund in the world run by a woman. Of the $10.3 billion, thats about $1.3 billion. He has also held the CTO role at Lime Brokerage and startup technology companies. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. 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. Founded Date Jun 1, 1994. 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. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. We value the innovative, entrepreneurial and collaborative culture built here over two decades. 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." 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. containing a link to download the .zip file of the CSV file(s) you requested. Zimmerman, who survived a 1990s scandal involving Russia, her husband and Harvard University, is so successful at avoiding the limelight that Leda Bragas $9.5 billion Systematica Investments Ltd is often cited as the top woman-led firm by assets. 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. This leaves the value of the investment at $66 billion and 6,595,065 shares. are based in the Ireland. 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). 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. 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. WebBracebridge Capital, LLC is a large advisory firm based in Boston. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Investment Advisor 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? The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Create Email Alert, ***Log In or Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Considerworking with a local financial advisortoday. This section is about Living in UAE and essential information you cannot live without. Bracebridge Capital Review | SmartAsset.com the MV of securities sold, whichever is less, Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities REGISTRATION STATUS . 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. Professionals stay away, This is the Bracebridge Capital company profile. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. A few of these funds are hedge funds. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. For more information, contact the firm directly or view the government documents related to its funds. 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. 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. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. 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. Bracebridge Capital 13F annual report (2023) | wallmine This will schedule a job to export all requested 13f holdings data for this filer. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. All content is posted anonymously by employees working at Bracebridge Capital. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. This is not an offer to buy or sell any security or interest. A financial advisor can help you get your ducks in a row. 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 WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Their last Direct Owners. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. It manages funds from the endowments of Yale University and Princeton University. Bracebridge Capital Bracebridge Capital CEO And Leadership: Executives and WebInsurance. They are focused, intellectually honest and they love to collaborate.. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. He began his career in the investment industry in 1992. This article related to Boston is a stub. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. Bracebridge is a manager of absolute return investment 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. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. A few years prior, in 1992, Zimmermans husband, Harvard economist Andrei Shleifer, signed on to help privatise the Russian economy under the auspices of the university and the US government. REGISTRATION STATUS. It may become outdated an there is no obligation to update any such information. SEC form, multiple filers or classes of filers, and much more.***. 6.3% of the portfolio companies I am excited for this forum and todays discussion on Bracebridge Capital Bracebridge has had only eight losing months since 2009. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your View latest Form ADV filed Part 2 Brochures. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. 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. 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. [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. 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. 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 500 Boylston Street Suite 1700Boston, MA 02116United States. Christina Rhodes. 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. All information is accurate as of the writing of this article. 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 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. [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. Chad is an internationally published author, speaker, and innovator. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. It sold the previously owned 296,572 shares for $2.95 million. The firm manages hedge funds [1]: Contribute to the database and get 1 month free* Full online access! Bracebridge Capital Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. 2005-2023 Wall Street Oasis. [4] By 2012, it had $5.8 billion of assets under management. Phone Email. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. The fund focuses on investments in the Ireland as Phone Email. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. the total portfolio value. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. Bracebridge Capital Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Chad L. Cook - AlphaSimplex American democracy is broken, Six siblings and a driver dead in Saudi accident. 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. On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. 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. 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. Zimmerman credited her more than 100 employees for the firms success. There are no guarantees that working with an adviser will yield positive returns. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in It also employs several other individuals to help manage the day-to-day operations of the firm. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. Bracebridge Capital After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. Headquarters Regions Greater Boston Area, East Coast, New England. HighVista Strategies. BOSTON, MA WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. 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. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Cities where $1 million lasted the longest ranked the highest in the study. Privacy Policy. Average Retirement Savings: How Do You Compare? Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. These cookies are used to improve your experience and provide more personalized service to you. 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). [8][9] Its chief operating officer is John Spinney. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. 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. 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 Capitals portfolio is diversified across 2 sectors. 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. Our Approach Bracebridge Capital 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. Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. She stayed with them for three years after graduation, on the raucous floor of the Chicago Mercantile Exchange. You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. Currently, their heaviest sector is Health Care making up 13.6% of The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. 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. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Sunshine owns a 5% stake in Bracebridge as of 2017. If you hover over the various sections of the donut, you will see the % breakdown of each score given. The job you are looking for is no longer open. BRACEBRIDGE CAPITAL, LLC Top 13F Holdings Bracebridge Capital - Wikipedia He has worked as Controller at J Baker, Sr. Vice President and CFO at Investors Bank & Trust, and Senior Vice President at STATE STREET CORP. John attended Isenberg School of Management between 1983 and 1987. This website stores cookies on your computer. 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. 2023 AlphaSimplex Group, LLC. Approximately 80 employees operate from our office located in Boston's historic Back Bay. Skip to legal and compliance information. Bracebridge trades a wide range of securities and derivatives. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. If you meet that requirement, go ahead and reach out to the firm for more information. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Sign-up 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. Have multiple credit cards? 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 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. and Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. That surpassed the 25.8 per cent return on the HFRI Relative Value index. The opinions expressed herein are those of the publisher and are subject to change without notice. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. Bracebridge doesn't specify any exact fee ranges for its funds. subscription, ePaper We believe our firms greatest asset is the people who work here. Bracebridge Capital - Hedge Fund 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. The firm pursues investment strategies primarily within the Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our
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