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Bracebridge Capital Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Bracebridge Capital, LLC is a large fund manager headquartered in Boston, Massachusetts. The firm has a team of 63 financial professionals who help manage over $37.3 billion in client assets. It also employs several other individuals to help manage the day-to-day operations of the firm. The firm's assets are spread across 13 different pooled investment vehicles, known more commonly as funds. A few of these funds are hedge funds

Not everyone can invest with a hedge fund, but that doesn't mean you can't find other ways to mimic their investment strategies. Consider working with a local financial advisor today.

Bracebridge Capital Background

Bracebridge was founded by Nancy Zimmerman and Gabriel Sunshine in 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. Zimmerman and Sunshine both control Bracebridge Capital II, L.P. and SVZ, L.P. These companies are the principal owners of Bracebridge, and both individuals retain the ultimate managing authority of the firm.

Bracebridge Capital Investment Philosophy

Bracebridge is a manager of absolute return investment funds. When it comes to its investment philosophies, the firm manages each of its funds according to different strategies. 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. As a result, the firm doesn't have a single overarching investment philosophy, though there are certain elements that remain constant between funds.

At a high level, Bracebridge Capital's goal is to take advantage of inefficiencies in financial markets around the world. Advisors look to achieve absolute returns for the funds. When it comes to specific investments, the firm focuses on fixed-income securities and derivatives relating to those securities. However, the firm may invest in other things as it sees fit, such as options, futures, forward contracts, swaps, other derivatives and equities.

Largest Hedge Funds Managed by Bracebridge Capital

FFI Fund Ltd

  • AUM: $27,293,409,095
  • Minimum: $100,000
  • Beneficial Owners: 367

FYI Ltd

  • AUM: $5,165,326,966
  • Minimum: $100,000
  • Beneficial Owners: 11

Olifant Fund, Ltd

  • AUM: $4,271,163,831
  • Minimum: $1,000,000
  • Beneficial Owners: 10

FFIP, LP

  • AUM: $2,227,705,454
  • Minimum: $1,000,000
  • Beneficial Owners: 159

SBFF LTD.

  • AUM: $1,276,197,447
  • Minimum: $5,000,000
  • Beneficial Owners: 1

Fees at Bracebridge Capital

Bracebridge Capital charges management fees to its funds based on a percentage of the market value of each fund's assets under management. 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.

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

Bracebridge Capital does not have any disclosures listed on its Form ADV.

In order to invest in hedge funds, you must be considered an accredited investor. Accredited investors need to have at least $200,000 of earned income ($300,000 for couples) over both of the past two years. There must also be a reasonable assumption that this income trend will continue in the upcoming year. You can also be considered an accredited investor if your net worth is at least $1 million, after subtracting the value of your primary residence. You can meet this requirement either on your own or together with your spouse.

Becoming a Client of Bracebridge Capital

Remember that only accredited investors can work and invest in hedge funds. If you meet that requirement, go ahead and reach out to the firm for more information. You can also go online to the firm's website and send the firm an email directly.

All information is accurate as of the writing of this article.

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How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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. Cities where $1 million lasted the longest ranked the highest in the study.