Bracebridge Capital, LLC stands as a prominent figure in the hedge fund landscape, boasting a substantial $12 billion in net assets under management. Since its inception in 1994, the firm has carved a niche for itself by specializing in investment strategies within the global fixed-income markets. Bracebridge aims to offer investors avenues for growth that exhibit minimal correlation to traditional equity, interest rate, and foreign exchange markets.
Nancy G. Zimmerman co-founded Bracebridge Capital with Gabriel Sunshine in 1994, starting with $50 million from Farallon Capital and Yale’s investment office. The fund also manages investments for Princeton University. Zimmerman began her finance career trading currency options at the Chicago Mercantile Exchange. Before Bracebridge, Zimmerman managed the interest rate option group globally at Goldman Sachs, starting her career at O'Connor & Associates. At Brown, she earned bachelor's degrees in economics and the practice and production of art, receiving the Alfred H. Joslin Award for Service to the Brown Community at graduation.
Gabriel Sunshine is one of the co-founders of Bracebridge Capital. At Bracebridge, he has held roles as both a trader and a portfolio manager, overseeing interest rates and structured credit. Presently, Sunshine shares management responsibilities at the firm.
Bracebridge Capital manages assets on a discretionary basis for 12 clients, totaling $71,843,486,535 according to their Form ADV from March 2023. Their most recent 13F filing for Q4 2023 disclosed $463,763,043 in managed 13F securities, with a top 10 holdings concentration of 98.75%. The fund's largest holding is 25,000 shares of the iShares New York Muni Bond ETF.
