In the most recent 13F filing, Bracebridge Capital revealed that it had opened a new position in He began his career in the investment industry in 1992. Argentina. Approximately 150 employees operate from our office located in Bostons historic Back Bay. The average market cap of the portfolio companies is close to $82 million. Advisors look to achieve absolute returns for the funds. A few of these funds are hedge funds. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge is a manager of absolute return investment funds. After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. SEC form, multiple filers or classes of filers, and much more.***. The Bracebridge Capital office and employees reside in Boston, Massachusetts. Chad is a graduate of Holy Cross College. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The Overall Ranking is generated based on the Company Reviews. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, 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). [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. You can also go online to the firm's website and send the firm an email directly. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. How do I update this listing? There are currently 15 companies in Mr. Jr.s portfolio. 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. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. Bracebridge Capitals portfolio is diversified across 2 sectors. Bracebridge lost about 26 per cent, making it the worst year in its history. They manage This website stores cookies on your computer. The fund focuses on investments in the Ireland as Bracebridge trades a wide range of securities and derivatives. 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. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. We managed to miss most of them.. Im very proud of the people who come to work here, she said. The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. 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. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The number you see in the middle of the donut pie chart is the simple average of these scores. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. A financial advisor can help you get your ducks in a row. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. REGISTRATION STATUS . Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. View latest Form ADV filed Part 2 Brochures. Sign-up The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. BRACEBRIDGE CAPITAL, For example, check out our. Zimmerman credited her more than 100 employees for the firms success. [4] It also had more than 100 employees by February 2016. 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. Of the $10.3 billion, thats about $1.3 billion. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. 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. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. Our Approach 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. Alt Turnover is calculated by taking either the total MV of new purchases or Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. The firm pursues investment strategies primarily within the 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 closed its position in Medtech Acquisition Corp on 10th February 2023. the MV of securities sold, whichever is less, There must also be a reasonable assumption that this income trend will continue in the upcoming year. 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 Hedge Fund Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 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. containing a link to download the .zip file of the CSV file(s) you requested. WebBracebridge Capital, LLC is a leading hedge fund manager with approximately $12 billion of net assets under management. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities As Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, operations, and trading. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. ATM 2023: Are Dubai hotels entering a 'golden age'? Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Al Nisr Publishing LLC 2023. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. 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. As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. 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. 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. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. 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. That makes it the largest hedge fund in the world run by a woman. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. 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. [4], In March 2016, it was announced that the firm would receive $1.5 billion from the Argentine debt restructuring. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. These positions were updated on February 10th based on the funds latest 13F filing. 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? 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. Mr. Cook joined AlphaSimplex in 2022. 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. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. Approximately 80 employees operate from our office located in Boston's historic Back Bay. 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. It also made $1.5 billion from the Argentine debt restructuring. This is not an offer to buy or sell any security or interest. Bracebridges biggest turnaround came in 2009. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. 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. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. The fund had a 10% annual return from 1994 to 2016. 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? [2]: Investment Advisor 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. 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. to see more advanced email alert options such as selecting any type of The firm pursues an investment strategy Bracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. WebBracebridge Capital, LLC is a large advisory firm based in Boston. Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. They are focused, intellectually honest and they love to collaborate.. Have multiple credit cards? Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. Considerworking with a local financial advisortoday. Nick Rhodes has been working as a Systems Engineer at Bracebridge Capital for 7 years. Bracebridge Capital. The firm pursues investment strategies Remember that only accredited investors can work and invest in hedge funds. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our and a top 10 holdings concentration of 87.99%. Cities where $1 million lasted the longest ranked the highest in the study. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. BOSTON, MA 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). 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. divided by the total MV of the fund. Skip to legal and compliance information. 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. Direct Owners. 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], By February 2016, it had assets of $10.3 billion,[10] making it the largest hedge fund managed by a woman in the world. All content is posted anonymously by employees working at Bracebridge Capital. Stocks with a size of more than $100 million in market cap make up It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. 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 Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. Mr. Cook earned a B.A. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Steyer cashed out after the Russia episode, but Swensen stuck with Bracebridge. 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. Also, scroll over any city to learn about the cost of living in retirement for that location. $119 billion and $119 billion respectively. 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. Established in 1994, Bracebridge has a record of strong growth and solid investment performance. Its split between her and Sunshine and their partners, Zimmerman said, declining to be more specific. 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). Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. 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. 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. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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 is a hedge fund based in Boston, Massachusetts. 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. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. There are currently 16 companies in Mr. Jr.s portfolio. 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. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. All Rights Reserved. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. TOWNLEY, WILLIAM, DANFORTH. The firm manages hedge funds Bracebridge doesn't specify any exact fee ranges for its funds. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Create Email Alert, ***Log In or Their last Diamond Hill Capital Management Executives. This leaves the value of the investment at $66 billion and 6,595,065 shares. 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. Assistant VP, Product Development B MAST Global. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? It manages funds from the endowments of Yale University and Princeton University. Language links are at the top of the page across from the title. 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 For more information, contact the firm directly or view the government documents related to its funds. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. None of the information on this page has been provided or approved by Bracebridge Capital. It sold the previously owned 296,572 shares for $2.95 million. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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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