Hedge Fund The opinions expressed herein are those of the publisher and are subject to change without notice. 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. Advisors look to achieve absolute returns for the funds. [8][9] Its chief operating officer is John Spinney. email address below and choose 'Submit'. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Bracebridge has had only eight losing months since 2009. This article related to Boston is a stub. 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 SEC form, multiple filers or classes of filers, and much more.***. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. 6% of the total holdings 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. 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. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. All content is posted anonymously by employees working at Bracebridge Capital. [1]: Phone Email. Chad is an internationally published author, speaker, and innovator. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Currently, their heaviest sector is Health Care making up 13.6% of or to simply have an email sent to you whenever we receive a new Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our 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. Whalewisdom has at least 17 13F filings, 2 13D filings, 6 13G filings, and 1 Form 4 filings. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. 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 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. 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. 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. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ 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. Bracebridge Capitals portfolio is diversified across 2 sectors. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. Professionals stay away, You can help Wikipedia by expanding it. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Cities where $1 million lasted the longest ranked the highest in the study. In this review, we explore the firm's Our Approach Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. It also made $1.5 billion from the Argentine debt restructuring. In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in It manages $26.59 billion of regulatory assets for 12 client accounts. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Skip to legal and compliance information. [2]: You can manage them any time by clicking on the notification icon. 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). 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. Language links are at the top of the page across from the title. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. The largest investments include All investing involves risk, including loss of principal. Stocks with a size of more than $100 million in market cap make up Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. Established in 1994, Bracebridge has a record of strong growth and solid investment performance. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. Argentina. Her first job was buying Japanese yen options, she said. Direct Owners. 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. 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. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. 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. We deliver exceptional results for our clients, through our hands-on, partner-led approach. The fund focuses on investments in the Ireland as Bracebridge Capital is based out of Boston. Subscribe to WhaleWisdom to view all filing data [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. You are now leaving AlphaSimplexs website and are being connected to a third-party website. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. 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. We value the innovative, entrepreneurial and collaborative culture built here over two decades. The total portfolio value may be much higher due to cash All Rights Reserved. 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. Quickly find out what the most recently closed or increased positions are. Zimmerman credited her more than 100 employees for the firms success. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). None of the information on this page has been provided or approved by Bracebridge Capital. Approximately 150 employees operate from our office located in Bostons historic Back Bay. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Well send you latest news updates through the day. to see more advanced email alert options such as selecting any type of This will schedule a job to export all requested 13f holdings data for this filer. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. 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. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. The firm pursues investment strategies and All rights reserved. The Overall Ranking is generated based on the Company Reviews. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. The strategy hasnt always come up roses. Investment Advisor In order to invest in hedge funds, you must be considered an accredited investor. Im very proud of the people who come to work here, she said. Bracebridge Capital. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. 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 Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. This review was produced by SmartAsset based on publicly available information. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. 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. This leaves the value of the investment at $66 billion and 6,595,065 shares. [4] By 2012, it had $5.8 billion of assets under management. All rights reserved. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. Bracebridge Capital does not have any disclosures listed on its Form ADV. A financial advisor can help you get your ducks in a row. 500 Boylston Street Suite 1700Boston, MA 02116United 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. They are focused, intellectually honest and they love to collaborate.. 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 exchange markets. are based in the Ireland. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. We believe our firms greatest asset is the people who work here. 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 is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. 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. The number you see in the middle of the donut pie chart is the simple average of these scores. There are currently 16 companies in Mr. Jr.s portfolio. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Christina Rhodes. Sunshine owns a 5% stake in Bracebridge as of 2017. There must also be a reasonable assumption that this income trend will continue in the upcoming year. They manage Approximately 80 employees operate from our office located in Boston's historic Back Bay. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Bracebridge Capital provides portfolio management for pooled investment vehicles. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Name under which you primarily conduct your advisory business, if different from Item 1.A. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. That surpassed the 25.8 per cent return on the HFRI Relative Value index. As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. You can also go online to the firm's website and send the firm an email directly. subscription, ePaper When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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. TOWNLEY, WILLIAM, DANFORTH. For more information, contact the firm directly or view the government documents related to its funds. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. 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. REGISTRATION STATUS. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Alt Turnover is calculated by taking either the total MV of new purchases or HighVista Strategies. 2005-2023 Wall Street Oasis. This website stores cookies on your computer. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. How do I update this listing? WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. 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 and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. 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. Contribute to the database and get 1 month free* Full online access! It also employs several other individuals to help manage the day-to-day operations of the firm. Download 13F Summary One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. The adviser's REGISTRATION status is listed below. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, Bracebridge Capital is a hedge fund based in Boston, Massachusetts. [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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Diversity Spotlight (US Headquarters Only) Women Founded. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. He began his career in the investment industry in 1992. 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. EFFECTIVE DATE; SEC: We believe our firms greatest asset is the people who work here. Of the $10.3 billion, thats about $1.3 billion. 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. A few of these funds are hedge funds. The fund had a 10% annual return from 1994 to 2016. Mr. Cook earned a B.A. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. Privacy Policy. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. They had one employee. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. You must have a subscription to view WhaleScore histories. The firm manages hedge funds BOSTON, MA The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. 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. There are no guarantees that working with an adviser will yield positive returns. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. the total portfolio value. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Bracebridge Capital Location 888 Boylston St Fl 15, Boston, Massachusetts, 02199, United States Description Read More Industry Finance General Finance Discover more about Bracebridge Capital Recent News About Vicky Zhao We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Bracebridge lost about 26 per cent, making it the worst year in its history. 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. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The firm pursues 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? 2023 AlphaSimplex Group, LLC. containing a link to download the .zip file of the CSV file(s) you requested. 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. 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. 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? Considerworking with a local financial advisortoday. It manages funds from the endowments of Yale University and Princeton University. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. SEC / JURISDICTION. Leverage boosts returns. 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. WebBracebridge Capital, LLC is a large advisory firm based in Boston. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. 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. Al Nisr Publishing LLC 2023. We managed to miss most of them.. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. 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. Founded Date Jun 1, 1994. These cookies are used to improve your experience and provide more personalized service to you. Nancy Zimmerman founded Bracebridge Capital. This is the Bracebridge Capital company profile. Have multiple credit cards? 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. and a top 10 holdings concentration of 87.99%. It also made $1.5 billion from the Argentine debt restructuring. [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. That makes it the largest hedge fund in the world run by a woman. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. 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. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. [1] It manages funds from the endowments of Yale University and Princeton University. Also, scroll over any city to learn about the cost of living in retirement for that location. 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. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. 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. Assistant VP, Product Development B MAST Global. All information is accurate as of the writing of this article. There are currently 15 companies in Mr. Jr.s portfolio. Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political Cons The culture at Bracebridge is broken. REGISTRATION STATUS . 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. These positions were updated on February 10th based on the funds latest 13F filing. or Want to Sign up with your social account? However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. 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. 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. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. 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. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. 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. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. 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 Bracebridge Capital office and employees reside in Boston, Massachusetts. Chad is a graduate of Holy Cross College. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. 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.
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