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. The average market cap of the portfolio companies is close to $82 million. They manage 500 Boylston Street Suite 1700Boston, MA 02116United States. or Want to Sign up with your social account? One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. The firm pursues investment strategies primarily within the This is the Bracebridge Capital company profile. Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. 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? 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. 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, LLC | LinkedIn Mallinckrodt Plc and bought 2,033,257 shares worth $15.8 billion. WebBracebridge Capital, LLC is a leading hedge fund manager with over $12 billion of net assets under management. Bracebridge Capital Reviews Alt Turnover is calculated by taking either the total MV of new purchases or 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. 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. 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. TOWNLEY, WILLIAM, DANFORTH. 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. Im very proud of the people who come to work here, she said. [11] It was one of four hedge funds which former president Cristina Fernndez de Kirchner called "vultures and financial terrorists."[12]. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. 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. Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research. This leaves the value of the investment at $66 billion and 6,595,065 shares. John Spinney is a COO & CFO at Bracebridge Capital and is based in Greater Boston Area. You can also go online to the firm's website and send the firm an email directly. Bracebridge Capital has gone from $5.8b in assets four years ago to $10.3b today. EFFECTIVE DATE; SEC: I am excited for this forum and todays discussion on Currently, Bracebridge Capital's portfolio is worth at least $119 billion. Bracebridge You must have a subscription to view WhaleScore histories. Mr. Cook joined AlphaSimplex in 2022. Well send you latest news updates through the day. It primarily aims to preserve capital and generate absolute return without significant correlation to equity, interest rate, and foreign exchange markets. 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. Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. When completed, an email will be sent to the email address you specify 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. Australia. The two most similar investment funds to Bracebridge Capital are Jcp Investment Management and Buttonwood Advisors. Zimmermans company paid $1.5 million to resolve civil claims that it improperly used resources and staff from the government-funded project. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. ATM 2023: Are Dubai hotels entering a 'golden age'? Bracebridge Capital 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 The firm pursues investment strategies The largest investments include Alvotech and Mallinckrodt Plc, together worth $81.7 billion. Bracebridge Capital's largest holding is iShares New York Muni Bond ETF- with shares held of 89,000. The opinions expressed herein are those of the publisher and are subject to change without notice. GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER (less than 5%) BRACEBRIDGE CAPITAL II, L.P. Bracebridge is a relative-value fixed-income fund that exploits small pricing differences in the credit market and hedges against those bets. 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 BOSTON, MA We took a hard look and found no reason to modify our relationship, said Swensen, who describes himself as a close friend of Zimmermans. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns).
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