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). American democracy is broken, Six siblings and a driver dead in Saudi accident. Mr. Cook earned a B.A. 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. 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. 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. 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. Im very proud of the people who come to work here, she said. For more information, contact the firm directly or view the government documents related to its funds. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. There are currently 15 companies in Mr. Jr.s portfolio. You are limited to the prior 8 quarters of 13F filings. Bracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. You can meet this requirement either on your own or together with your spouse. Sunshine owns a 5% stake in Bracebridge as of 2017. , whose value fell approximately 0.1% in the past six months, Clean Earth Acquisitions Cor worth $6.08 billion, with 900,000 shares owned, Stocks and cryptocurrency portfolio tracker. 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. 6.3% of the portfolio companies He has also held the CTO role at Lime Brokerage and startup technology companies. Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your Diamond Hill Capital Management Executives. Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities Remember that only accredited investors can work and invest in hedge funds. 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. 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 its investment philosophies, the firm manages each of its funds according to different strategies. Bracebridge Capital provides portfolio management for pooled investment vehicles. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Subscribe to WhaleWisdom to view all filing data This review was produced by SmartAsset based on publicly available information. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. the total portfolio value. 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 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). Investment Advisor While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. There must also be a reasonable assumption that this income trend will continue in the upcoming year. 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 SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. These cookies are used to improve your experience and provide more personalized service to you. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. 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. Christina Rhodes. Have multiple credit cards? Sign-up This will schedule a job to export all requested 13f holdings data for this filer. Approximately 150 employees operate from our office located in Bostons historic Back Bay. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. 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. $119 billion and $119 billion respectively. It also employs several other individuals to help manage the day-to-day operations of the firm. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. and a top 10 holdings concentration of 87.99%. 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. It primarily aims to preserve capital and Bracebridge has had only eight losing months since 2009. BOSTON, MA WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Prior to joining the firm, he was Chief Technology Officer (CTO) and Chief Information Security Officer at Bracebridge Capital. are based in the Ireland. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. Language links are at the top of the page across from the title. TOWNLEY, WILLIAM, DANFORTH. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Al Nisr Publishing LLC 2023. Their last A financial advisor can help you get your ducks in a row.  Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. In this review, we explore the firm's The firm pursues investment strategies The firm pursues investment strategies primarily within the WebBracebridge Corporate Finance - Bracebridge We advise on company sales and acquisitions, exit planning, management buy-outs and buy-ins (MBOs/MBIs) and raising private equity and growth capital. 2005-2023 Wall Street Oasis. Quickly find out what the most recently closed or increased positions are.  By 2012, it had $5.8 billion of assets under management. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. Bracebridge Capital does not have any disclosures listed on its Form ADV. REGISTRATION STATUS. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. Mr. Cook joined AlphaSimplex in 2022. 6% of the total holdings value. 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 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. 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. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Zoom between states and the national map to see the top spots in each region. Bracebridge Capital. 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. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. 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. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence.  It manages funds from the endowments of Yale University and Princeton University. 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. BRACEBRIDGE CAPITAL, : It may become outdated an there is no obligation to update any such information. Of the $10.3 billion, thats about $1.3 billion. email address below and choose 'Submit'. 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." 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 average market cap of the portfolio companies is close to $82 million. Well send you latest news updates through the day. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. It manages $26.59 billion of regulatory assets for 12 client accounts. the MV of securities sold, whichever is less, 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. All investing involves risk, including loss of principal. The fund focuses on investments in the Ireland as 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. View latest Form ADV filed Part 2 Brochures. You can help Wikipedia by expanding it. , Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. 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. The firm pursues investment strategies primarily within the 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. Professionals stay away, Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's 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. 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 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Zimmerman downplays the challenges faced by women in a male-dominated industry: The bonds dont know who owns them.. 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 The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. and I am excited for this forum and todays discussion on Bracebridge trades a wide range of securities and derivatives. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. Bracebridge is a manager of absolute return investment funds. Both on your website and other media. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. All rights reserved. It also made $1.5 billion from the Argentine debt restructuring. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Leverage boosts returns. Name under which you primarily conduct your advisory business, if different from Item 1.A. 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. 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 Bracebridge Capital closed its position in Medtech Acquisition Corp on 10th February 2023. That surpassed the 25.8 per cent return on the HFRI Relative Value index. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Alt Turnover is calculated by taking either the total MV of new purchases or This leaves the value of the investment at $66 billion and 6,595,065 shares. Australia. 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 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. HTTP://WWW.BRACEBRIDGECAPITAL.COM/  Its chief operating officer is John Spinney. The strategy hasnt always come up roses. 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. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. 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. 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. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. This article related to Boston is a stub. You can manage them any time by clicking on the notification icon. Performance numbers calculated through 2023-02-14. The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. 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. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. ATM 2023: Are Dubai hotels entering a 'golden age'? 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. The fund had a 10% annual return from 1994 to 2016. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. All Rights Reserved. We believe our firms greatest asset is the people who work here. Bracebridge Capital Executives Updated November 18, 2022 Zippia gives an in-depth look into the details of Bracebridge Capital, including salaries, political SEC form, multiple filers or classes of filers, and much more.***. Bracebridges biggest turnaround came in 2009.  Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. Currently, Bracebridge Capital's portfolio is worth at least $119 billion. There are no guarantees that working with an adviser will yield positive returns. Bracebridge Capital is based out of Boston. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. You can also go online to the firm's website and send the firm an email directly.