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. BRACEBRIDGE CAPITAL, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. Name under which you primarily conduct your advisory business, if different from Item 1.A. Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. Cities where $1 million lasted the longest ranked the highest in the study. The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. Zimmerman credited her more than 100 employees for the firms success. The employee data is based on information from people who have self-reported their past or current employments at Bracebridge Capital. The Overall Ranking is generated based on the Company Reviews. There were a lot of gopher holes that you could step in, said Gabriel Sunshine, Zimmermans partner at Bracebridge. 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 Yales investment now is valued at around $1 billion, making it one of the endowments most profitable. It sold the previously owned 296,572 shares for $2.95 million. This is not an offer to buy or sell any security or interest. 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. Capital Boston: In a year when titans Bill Ackman and David Einhorn each lost more than 20 per cent for their investors, David Swensens bet on a little-known hedge fund kept making him money. American democracy is broken, Six siblings and a driver dead in Saudi accident. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show. Bracebridge Capital is a hedge fund based in Boston, Massachusetts. He has also held the CTO role at Lime Brokerage and startup technology companies. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your IAPD - Investment Adviser Public Disclosure - Homepage $119 billion and $119 billion respectively. Diamond Hill Capital Management Executives. 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." 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. or Want to Sign up with your social account? Software Engineer Co-op @ Bracebridge Capital | Simplify 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. Contribute to the database and get 1 month free* Full online access! View latest Form ADV filed Part 2 Brochures. This website stores cookies on your computer. the MV of securities sold, whichever is less, Skip to legal and compliance information. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 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. 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 Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. WebInsurance. The firm pursues investment strategies Chad is a graduate of Holy Cross College. Corzine said he remembers Zimmerman as a brilliant trader who attracted the brightest of co-workers. Hedge Fund The fund focuses on investments in the Ireland as Bracebridge Capital may also be known as or be related to Bracebridge Capital, Bracebridge Capital, LLC and Bracebridge Capital, Llc. We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. 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. 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. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. 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. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. 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. 2005-2023 Wall Street Oasis. EFFECTIVE DATE; SEC: These positions were updated on February 10th based on the funds latest 13F filing. Bracebridge One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. 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. Privacy Policy. Bracebridge Capital Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. 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. Investment Advisor and 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. It also made $1.5 billion from the Argentine debt restructuring. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital - Wikipedia REGISTRATION STATUS. The largest investments include Our Approach 6,595,065 shares of Alvotech currently worth over $66 billion and making up 55.6% of the portfolio value. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. 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. The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Alt Turnover is calculated by taking either the total MV of new purchases or All investing involves risk, including loss of principal. Remember that only accredited investors can work and invest in hedge funds. All information is accurate as of the writing of this article. divided by the total MV of the fund. Founded Date Jun 1, 1994. WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Im very proud of the people who come to work here, she said. Bracebridge Capital - Crunchbase Company Profile & Funding 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). 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 You must have a subscription to view WhaleScore histories. This section is about Living in UAE and essential information you cannot live without. 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. All rights reserved. We believe our firms greatest asset is the people who work here. Bracebridge Capital Bracebridge [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. Bracebridge Capital Reviews Bracebridge Capital Bracebridges biggest turnaround came in 2009. 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. Assistant VP, Product Development B MAST Global. Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. 500 Boylston Street Suite 1700Boston, MA 02116United States. Well send you latest news updates through the day. The firm pursues an investment strategy Phone Email. When completed, an email will be sent to the email address you specify None of the information on this page has been provided or approved by Bracebridge Capital. Her first job was buying Japanese yen options, she said. Bracebridge Capital - Company Database | Wall Street Oasis Professionals stay away, After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. to see more advanced email alert options such as selecting any type of 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. 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). It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Al Nisr Publishing LLC 2023. Subscribe to WhaleWisdom to view all filing data As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Diversity Spotlight (US Headquarters Only) Women Founded. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. 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. However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. 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. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. The fund had a 10% annual return from 1994 to 2016. 2023 AlphaSimplex Group, LLC. All text and design is copyright 2020 WhaleWisdom.com. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. If you hover over the various sections of the donut, you will see the % breakdown of each score given. We deliver exceptional results for our clients, through our hands-on, partner-led approach. It may become outdated an there is no obligation to update any such information. After losing 18 per cent in the global financial crisis, it posted a 35 per cent gain. Bracebridge Capitals portfolio is diversified across 2 sectors. Largest female-managed hedge fund globally, "Gabriel Brendan Sunshine - Bracebridge Capital, LLC", "Company Overview of Bracebridge Capital, LLC", "The Secretive Hedge Fund That's Generating Huge Profits for Yale", "2016 America's Self-Made Women: #46 Nancy Zimmerman", "Meet the first Fil-Am elected to Harvard overseers board", "Argentina's Hedge Fund Deal Frustrates Small Bondholders", "Argentina Reaches Deal With Hedge Funds Over Debt", https://en.wikipedia.org/w/index.php?title=Bracebridge_Capital&oldid=1101743571, Financial services companies established in 1994, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 August 2022, at 15:57. SEC form, multiple filers or classes of filers, and much more.***. There are no guarantees that working with an adviser will yield positive returns. If you meet that requirement, go ahead and reach out to the firm for more information. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. WebBracebridge Capital, LLC is a large advisory firm based in Boston. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. You are limited to the prior 8 quarters of 13F filings. containing a link to download the .zip file of the CSV file(s) you requested. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. Bracebridge Capital, LLC (Boston 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 is a manager of absolute return investment funds. The secretive hedge fund thats generating huge profits You can meet this requirement either on your own or together with your spouse. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. BRACEBRIDGE CAPITAL, All rights reserved. They are focused, intellectually honest and they love to collaborate.. 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. The average market cap of the portfolio companies is close to $82 million. or to simply have an email sent to you whenever we receive a new Their last reported 13F filing for Q4 2022 included $1,070,890,279 in managed 13F securities A few of these funds are hedge funds. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. 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. 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 number you see in the middle of the donut pie chart is the simple average of these scores. SEC / JURISDICTION. 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. You are now leaving AlphaSimplexs website and are being connected to a third-party website. They manage On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. Good afternoon. subscription, ePaper Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. Dont pay balances this way, Aerosmith announces farewell tour starting in September, Abu Dhabi court settled Dh317m in workers dues in2022, A Biden-Trump rematch? The demise of LTCM hit other hedge funds, including Bracebridge, which held some of the same assets. How do I update this listing? 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. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). She stayed with them for three years after graduation, on the raucous floor of the Chicago Mercantile Exchange.
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