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. Direct Owners. WebAs Chief of Quantitative Technologies of AlphaSimplex, Mr. Cook manages the firms technology platforms with respect to portfolio management, investment research, SmartAsset makes things easier for you with a number of free online resources designed to help you invest with confidence. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. Bracebridge Capital Review | SmartAsset.com 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. 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. These cookies are used to improve your experience and provide more personalized service to you. Hedge Fund Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. 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 firm pursues investment strategies primarily within the After cutting ties with Farallon and changing its name, Bracebridge ended 1999 with $600 million under management. It may become outdated an there is no obligation to update any such information. Mr. Cook joined AlphaSimplex in 2022. At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. Long-Term Capital Management, a highly leveraged hedge fund run by John Meriwether, pursued a similar investment approach. Whether you've been investing for10 years or 10 minutes, it pays to be on top of your game. 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. Australia. We believe our firms greatest asset is the people who work here. 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. Bracebridge lost about 26 per cent, making it the worst year in its history. The fund focuses on investments in the Ireland as The largest investments include Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. TOWNLEY, WILLIAM, DANFORTH. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Quickly find out what the most recently closed or increased positions are. You are limited to the prior 8 quarters of 13F filings. WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. AlphaSimplex is an affiliate of Virtus Investment Partners, Inc. When you're investing for retirement, you want to make sure you're as prepared as possible. Established in 1994, Bracebridge has a record of strong growth and solid investment performance. Bracebridge Capital He has contributed to books, papers, and patents, and has spoken at SEC, NATO and United Nations events. 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. Phone Email. Bracebridge Capital, LLC | LinkedIn Subscribe to WhaleWisdom to view all filing data Our Approach They manage Chad is an internationally published author, speaker, and innovator. 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. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. Bracebridge Capital Fund Manager Profile | Preqin WebBracebridge Capital, LLC is a large advisory firm based in Boston. The fund had a 10% annual return from 1994 to 2016. Argentina. Bracebridge Capital does not have any disclosures listed on its Form ADV. Bracebridge Capital provides portfolio management for pooled investment vehicles. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. 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. In order to invest in hedge funds, you must be considered an accredited investor. Chad is an experienced technology executive with a diverse background and depth in scalable, high-performance technologies across industries. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. Bracebridge Capital, LLC (Boston 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. EFFECTIVE DATE; SEC: 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. American democracy is broken, Six siblings and a driver dead in Saudi accident. You must have a subscription to view WhaleScore histories. Bracebridge Capital - Company Database | Wall Street Oasis When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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. 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. 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. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. In this review, we explore the firm's This is the Bracebridge Capital company profile. 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 Bracebridge was founded byNancy Zimmerman and Gabriel Sunshine in 1994. [8][9] Its chief operating officer is John Spinney. Im very proud of the people who come to work here, she said. Bracebridge Capitals portfolio is diversified across 2 sectors. Considerworking with a local financial advisortoday. It also made $1.5 billion from the Argentine debt restructuring. It primarily aims to preserve capital and , 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. Bracebridge manages assets for a sophisticated, global investor base, including endowments, foundations, pensions, and high net worth individuals. Zimmerman credited her more than 100 employees for the firms success. 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. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. Bracebridges biggest turnaround came in 2009. Professionals stay away, Skip to legal and compliance information. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. 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. The opinions expressed herein are those of the publisher and are subject to change without notice. divided by the total MV of the fund. 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). [4] By 2012, it had $5.8 billion of assets under management. All investing involves risk, including loss of principal. 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. Sign-up This section is about Living in UAE and essential information you cannot live without. Advisors look to achieve absolute returns for the funds. HighVista Strategies. or Want to Sign up with your social account? BRACEBRIDGE CAPITAL, BRACEBRIDGE CAPITAL, LLC | Form ADV - RADiENT Our core team of investment professionals approaches the markets with a diverse set of skills and from a variety of educational and professional backgrounds. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. the total portfolio value. While attending Brown University in Providence, Rhode Island, she worked summers at OConnor & Associates, a Chicago derivatives-trading firm. 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 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. None of the information on this page has been provided or approved by Bracebridge Capital. Create Email Alert, ***Log In or We deliver exceptional results for our clients, through our hands-on, partner-led approach. If you hover over the various sections of the donut, you will see the % breakdown of each score given. Zimmerman was born and raised just north of Chicago in Skokie, Illinois, the youngest of two girls. [4] Later, Andrew K. Golden, the manager of Princeton University's endowment, also became a major investor in Bracebridge Capital. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. 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. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our We value the innovative, entrepreneurial and collaborative culture built here over two decades. WebBracebridge Capital is a leading hedge fund manager that pursues investment strategies primarily within the global fixed income markets. This review was produced by SmartAsset based on publicly available information. Bracebridge Capital - Crunchbase Company Profile & Funding BRACEBRIDGE CAPITAL 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. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. This website stores cookies on your computer. These positions were updated on February 10th based on the funds latest 13F filing. [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Founded Date Jun 1, 1994. 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. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. 2005-2023 Wall Street Oasis. $119 billion and $119 billion respectively. and a top 10 holdings concentration of 87.99%. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Of the $10.3 billion, thats about $1.3 billion. 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. Bracebridge Capital 13F annual report (2023) | wallmine Zoom between states and the national map to see the top spots in each region. Cities where $1 million lasted the longest ranked the highest in the study. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. 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. [4] It also had more than 100 employees by February 2016. 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 ATM 2023: Are Dubai hotels entering a 'golden age'? One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. 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 Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. Capital A few of these funds are hedge funds. Bracebridge doesn't specify any exact fee ranges for its funds. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. from the College of the Holy Cross in Psychology and Sociology, with a concentration in Computer Science. 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 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 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. If you meet that requirement, go ahead and reach out to the firm for more information. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? or to simply have an email sent to you whenever we receive a new 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. 6% of the total holdings value. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. The strategy hasnt always come up roses. Bracebridge Capital Reviews BRACEBRIDGE CAPITAL, LLC Top 13F Holdings 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. It sold the previously owned 296,572 shares for $2.95 million. All rights reserved. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Bracebridge Capital Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. The firm pursues investment strategies Their last The majority of the companies in the funds portfolio are small-cap stocks. Christina Rhodes. Headquarters Regions Greater Boston Area, East Coast, New England. Bracebridge Capital. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. On the advisory boards of several startup and private companies, Chad brings a wealth of experience and expertise to White Pine Systems. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). 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 Good afternoon. The number you see in the middle of the donut pie chart is the simple average of these scores. Download 13F Summary As for the value, the document only says she and Sunshine control 12.6 per cent of the assets. to see more advanced email alert options such as selecting any type of [1]: This leaves the value of the investment at $66 billion and 6,595,065 shares. They had one employee. Zimmerman bought up beleaguered Russian debt, betting its value would rise, court filings show.