WebBracebridge Capital is an investment fund managing more than $77 million ran by John Jr.. Bracebridge Capital is part of the Finance industry, and located in Massachusetts, United States. 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. Contribute to the database and get 1 month free* Full online access! The job you are looking for is no longer open. the total portfolio value. Bracebridge Capital Review | SmartAsset.com It may become outdated an there is no obligation to update any such information. Also, scroll over any city to learn about the cost of living in retirement for that location. [1]: Bracebridge Capital Advisors look to achieve absolute returns for the funds. 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. 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. 500 Boylston Street Suite 1700Boston, MA 02116United States. Your full legal name (if you are a sole proprietor, your last, first, and middle names): BRACEBRIDGE CAPITAL, LLC B. 6.3% of the portfolio companies However, the firm may invest in other things as it sees fit, such asoptions, futures, forward contracts, swaps, other derivatives and equities. 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? Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our 6% of the total holdings value. 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. Bracebridge Capital is based out of Boston. 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 [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. 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. Cons The culture at Bracebridge is broken. 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. BRACEBRIDGE CAPITAL, LLC | Form ADV - RADiENT Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. for BRACEBRIDGE CAPITAL, LLC, Top 20 equal-weighted holdings. First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. Chad is a graduate of Holy Cross College. Our Approach Bracebridges biggest turnaround came in 2009. On the other hand, there are companies that Bracebridge Capital is getting rid of from its portfolio. Approximately 150 employees operate from our office located in Bostons historic Back Bay. American democracy is broken, Six siblings and a driver dead in Saudi accident. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. [3] Zimmerman is a Brown alumna, former Goldman Sachs employee, and the wife of Harvard professor Andrei Shleifer.[4][5]. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Among her top investors is Princeton Universitys endowment, run by Swensen protg Andrew Golden. 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. Management fees at Bracebridge tend to range from 1% to 2%, and incentive feesusually fluctuatefrom 15% to 25%. [2], Bracebridge Capital was co-founded by Nancy Zimmerman and Gabriel Brendan Sunshine in 1994. Initially, Zimmerman and Sunshine partnered with Steyers Farallon, which bought a minority stake in the new management company they called Farallon Fixed Income Associates. 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. HTTP://WWW.BRACEBRIDGECAPITAL.COM/ WebBracebridge Capital, LLC is a top-tier hedge fund managing over $9 billion in investments for a wide array of sophisticated clients. Zimmerman owns most of Bracebridge, according to a 2015 filing with the US Securities and Exchange Commission. 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. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Neither Zimmerman nor her husband admitted wrongdoing in connection with their Russia dealings. Bracebridge lost about 26 per cent, making it the worst year in its history. Bracebridge doesn't specify any exact fee ranges for its funds. Australia. Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. You must have a subscription to view WhaleScore histories. Bracebridge Capital Review | SmartAsset.com Want to learn more about the hedge funds Bracebridge Capital manages? Bracebridge Capital, LLC (Boston Bracebridge Whalewisdom has at least 17 13F filings, 2 13D filings, 6 13G filings, and 1 Form 4 filings. 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. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. You are limited to the prior 8 quarters of 13F filings. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. Bracebridge Capital None of the information on this page has been provided or approved by Bracebridge Capital. 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? John Jr. also disclosed a decreased stake in Alvotech by approximately 0.1%. Bracebridge trades a wide range of securities and derivatives. 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. 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). At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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, LLC Compilation done on 2022-08-09 Item 1 Identifying Information A. Bracebridge Capital The fund had a 10% annual return from 1994 to 2016. Complaints arose about Shleifer and his business partner allegedly using their position and influence for personal gain, according to court documents. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. You are now leaving AlphaSimplexs website and are being connected to a third-party website. Bracebridge Capital CEO And Leadership: Executives and WebGlassdoor gives you an inside look at what it's like to work at Bracebridge Capital, including salaries, reviews, office photos, and more. Bracebridge Capital is an investment fund managing more than $119 billion ran by John Jr.. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Zimmerman credited her more than 100 employees for the firms success. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors. [8][9] Its chief operating officer is John Spinney. Bracebridge Capital Leverage boosts returns. 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. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm. They manage Bracebridge Capital - Hedge Fund [4] Initially, it received $50 million from Tom Steyer's Farallon Capital and David F. Swensen, who runs Yale University's endowment. 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. This section is about Living in UAE and essential information you cannot live without. [4] By 2012, it had $5.8 billion of assets under management. The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Alt Turnover is calculated by taking either the total MV of new purchases or Well send you latest news updates through the day. Bracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. WebEstablished in 1994, Bracebridge Capital is a Massachusetts-based hedge fund manager founded by Nancy Zimmerman and Gabriel Sunshine. When completed, an email will be sent to the email address you specify The firm has a team of 63 financial professionals who help manageover $37.3 billion in client assets. The strategy hasnt always come up roses. All content is posted anonymously by employees working at Bracebridge Capital. It sold the previously owned 296,572 shares for $2.95 million. and a top 10 holdings concentration of 87.99%. The data presented on this page does not represent the view of Bracebridge Capital and its employees or that of Zippia. Nancy Zimmerman founded Bracebridge Capital. [4] It also had more than 100 employees by February 2016. In 1998, after Russia stiffed lenders including LTCM, the fund failed and was bailed out by its Wall Street competitors. 2005-2023 Wall Street Oasis. containing a link to download the .zip file of the CSV file(s) you requested. 13F filing from BRACEBRIDGE CAPITAL, LLC, enter your It also employs several other individuals to help manage the day-to-day operations of the firm. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds. All investing involves risk, including loss of principal. Bracebridge Capital The firm pursues investment strategies primarily within the Fund of Funds. 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. 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. 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. or Want to Sign up with your social account? The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. You can also go online to the firm's website and send the firm an email directly. 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. There must also be a reasonable assumption that this income trend will continue in the upcoming year. Bracebridge has had only eight losing months since 2009. Phone Email. When you're investing for retirement, you want to make sure you're as prepared as possible. Bracebridge Capital does not have any disclosures listed on its Form ADV. Bracebridge Capital, LLC | LinkedIn 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 majority of the companies in the funds portfolio are small-cap stocks. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Bracebridge It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts. A financial advisor can help you get your ducks in a row. 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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