Bracebridge Capital, LLC (Boston)

Name: Bracebridge Capital, LLC
Address: 888 Boylston Street, Boston, MA, 02199 8193
Telephone: 617-497-3520

Bracebridge Capital, LLC is a large advisory firm based in Boston. It manages $26.59 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Massachusetts.

Bracebridge Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bracebridge Capital: assets under management

The assets under management (AUM) of Bracebridge Capital, LLC is $26.59 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 59% since the beginning of its operation, and $26.59 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $26.59 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.22 billion each.

Bracebridge Capital has custody of $13.2 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bracebridge Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bracebridge Capital serves?

The only and largest group of clients of Bracebridge Capital is pooled investment vehicles with 12 clients and $26.59 billion of assets under management. Among the 10 most similar advisory firms, Bracebridge Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $26.59 billion for 12 clients. 92% of the firm’s clients are foreign persons or businesses.

Bracebridge Capital also advises several private funds. Namely, twelve hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $50,000,000.

Careers at Bracebridge Capital, LLC

The company employs 113 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nancy Gail Zimmerman	Founder	1 Feb 1994	Other	1712595
Gabriel Brendan Sunshine	Founder	1 Feb 1994	Other	2172179
L.P. Svz	Member	1 Jul 2001	75% - 100%	26-0021300
Llc Svz	Manager	1 Jul 2001	75% - 100%	26-0021300
Kirstan Brooks Barnett	Member, general counsel and chief compliance officer	1 Apr 2003	Other	6025683
John Nicholas Spinney	Member, chief financial officer and chief operating officer	1 Oct 2007	Other	4798847
L.P. Bracebridge Capital Ii	Manager	1 Dec 2012	Other	90-0921847
Steven Y Quintero	Chief strategic officer and chief administrative officer	1 Sep 2016	Other	5307631
Wendy Yuan Dee Sheu	Chief compliance officer	1 Oct 2016	Other	6334041
William Danforth Townley	General counsel	1 Mar 2017	Other	6776895
Steven Y Quintero	Chief compliance officer, chief strategic officer, and chief administrative officer	1 Jun 2018	Other	5307631

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nancy Gail Zimmerman	Limited partner	1 Jul 2001	50% - 75%	1712595
Gabriel Brendan Sunshine	Limited partner	1 Jul 2001	25% - 50%	2172179
Inc. Svz	General partner	1 Dec 2012	Other	46-1641274
Nancy Gail Zimmerman	Shareholder	1 Dec 2012	50% - 75%	1712595
Gabriel Brendan Sunshine	Shareholder	1 Dec 2012	50% - 75%	2172179
Inc. Svz	General partner	1 Jan 2013	Other	46-1641274

Based in Boston

The principal office where Bracebridge Capital, LLC performs its advisory services is located at 888 Boylston Street, Boston, MA 02199 8193, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-497-3520 or by fax 617-234-1905. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at bracebridgecapital.com/.