500 Boylston Street Suite 1700Boston, MA 02116United States. You can help Wikipedia by expanding it. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). He began his career in the investment industry in 1992. 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. [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. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Al Nisr Publishing LLC 2023. It sold the previously owned 296,572 shares for $2.95 million. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. All rights reserved. It also made $1.5 billion from the Argentine debt restructuring. In order to invest in hedge funds, you must be considered an accredited investor. Contribute to the database and get 1 month free* Full online access! Cons The culture at Bracebridge is broken. 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. 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. 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. [4] By 2012, it had $5.8 billion of assets under management. Diversity Spotlight (US Headquarters Only) Women Founded. BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. 6% of the total holdings value. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. All rights reserved. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Investment Advisor Bracebridge Capitals portfolio is diversified across 2 sectors. The adviser's REGISTRATION status is listed below. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Subscribe to WhaleWisdom to view all filing data You can alsobe considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. Performance numbers calculated through 2023-02-14. 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). Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. Well send you latest news updates through the day. 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. 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. 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. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. 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. 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. are based in the Ireland. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. 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. 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. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. I am excited for this forum and todays discussion on 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 Capital closed its position in Medtech Acquisition Corp on 10th February 2023. 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. [8][9] Its chief operating officer is John Spinney. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. This website stores cookies on your computer. or to simply have an email sent to you whenever we receive a new You are limited to the prior 8 quarters of 13F filings. 2023 AlphaSimplex Group, LLC. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Diamond Hill Capital Management Executives. 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. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. These cookies are used to improve your experience and provide more personalized service to you. Hedge Fund 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? Alt Turnover is calculated by taking either the total MV of new purchases or Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. The firm pursues investment strategies and Language links are at the top of the page across from the title. Considerworking with a local financial advisortoday. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. The strategy hasnt always come up roses. or Want to Sign up with your social account? 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 primarily within the Founded Date Jun 1, 1994. That makes it the largest hedge fund in the world run by a woman. You can meet this requirement either on your own or together with your spouse. 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). All content is posted anonymously by employees working at Bracebridge Capital. They had one employee. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's 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. Privacy Policy. Initially, Zimmerman and Sunshine partnered with Steyers Farallon, which bought a minority stake in the new management company they called Farallon Fixed Income Associates. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. Currently, their heaviest sector is Health Care making up 13.6% of He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. 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 Bracebridge Capital. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. Our Approach How do I update this listing? 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." 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your In this review, we explore the firm's AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. The fund had a 10% annual return from 1994 to 2016. The fund focuses on investments in the Ireland as They are focused, intellectually honest and they love to collaborate.. 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. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. 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 That surpassed the 25.8 per cent return on the HFRI Relative Value index. 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. Direct Owners. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. Their last WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Performance This article related to Boston is a stub. The largest investments include The firm pursues investment strategies The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. This section is about Living in UAE and essential information you cannot live without. There must also be a reasonable assumption that this income trend will continue in the upcoming year. All information is accurate as of the writing of this article. Create Email Alert, ***Log In or It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. 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. 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. This is not an offer to buy or sell any security or interest. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. Bracebridge lost about 26 per cent, making it the worst year in its history. WebInsurance. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. 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. 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. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. $119 billion and $119 billion respectively. 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). The firm pursues an investment strategy The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. 6.3% of the portfolio companies Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. [4] It also had more than 100 employees by February 2016. The firm manages hedge funds HighVista Strategies. 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. 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. 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. We managed to miss most of them.. TOWNLEY, WILLIAM, DANFORTH. 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 job you are looking for is no longer open. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. All investing involves risk, including loss of principal. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. The number you see in the middle of the donut pie chart is the simple average of these scores. 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. There are no guarantees that working with an adviser will yield positive 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. For example, check out our. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. You can manage them any time by clicking on the notification icon. 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 Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. It also employs several other individuals to help manage the day-to-day operations of the firm. We deliver exceptional results for our clients, through our hands-on, partner-led approach. Sign-up Sunshine owns a 5% stake in Bracebridge as of 2017. These positions were updated on February 10th based on the funds latest 13F filing. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. It manages funds from the endowments of Yale University and Princeton University. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. This review was produced by SmartAsset based on publicly available information. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. 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. Bracebridge is a manager of absolute return investment funds. When you're investing for retirement, you want to make sure you're as prepared as possible. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. View latest Form ADV filed Part 2 Brochures. [1]: It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. This leaves the value of the investment at $66 billion and 6,595,065 shares. 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. 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. Bracebridge Capital does not have any disclosures listed on its Form ADV. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. 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 GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. WebBRACEBRIDGE CAPITAL, LLC ( CRD # 158343/SEC#:801-73416 ) BBLAM, LLC (RELYING ADVISER), BRACEBRIDGE CAPITAL, LLC. All rights reserved. Skip to legal and compliance information. 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. Phone Email. 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. Of the $10.3 billion, thats about $1.3 billion. Australia. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. The Bracebridge Capital office and employees reside in Boston, Massachusetts. Bracebridge Capital is based out of Boston. Cities where $1 million lasted the longest ranked the highest in the study. The average market cap of the portfolio companies is close to $82 million. 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. Average Retirement Savings: How Do You Compare? You can also go online to the firm's website and send the firm an email directly. Advisors look to achieve absolute returns for the funds. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, containing a link to download the .zip file of the CSV file(s) you requested. Mr. Cook earned a B.A. Have multiple credit cards? As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. She stayed with them for three years after graduation, on the raucous floor of the Chicago Mercantile Exchange. Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. Phone Email. and a top 10 holdings concentration of 87.99%. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. She stands a few inches over five feet with brown hair that she sometimes tucks behind her ears. 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. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. Bracebridge doesn't specify any exact fee ranges for its funds. Im very proud of the people who come to work here, she said. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. Remember that only accredited investors can work and invest in hedge funds. The firm pursues investment strategies primarily within the Terms of Use The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. 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.
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