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Bracebridge Capital
Work Here?
Hedge fund manager specializing in fixed-income
Bracebridge Capital
Work Here?
Hedge fund manager specializing in fixed-income
About Bracebridge Capital
Industries
Quantitative Finance
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Boston, Massachusetts
Founded
1994
Overview
Bracebridge Capital is a hedge fund manager with private investment funds totaling over $12 billion in assets. It focuses on global fixed income strategies designed to preserve capital and deliver returns that don’t strongly track equities, rates, or currency moves. The funds cater to institutional and high-net-worth clients, and the firm operates from Boston with about 140 employees and a collaborative culture. Its aim is to grow assets under management while providing steady, risk-conscious results for investors.
Simplify's Take
What believers are saying
- $434M Bitcoin ETF allocation diversifies portfolio amid institutional adoption.
- Distressed Saks restructuring yields high returns in consolidating retail.
- Concentrated ARKB, IBIT stakes outperform mega-fund diversified crypto positions.
What critics are saying
- 61% ARKB exposure slashes AUM 12% on 20% Bitcoin drop, triggers redemptions.
- Saks $7B debt stalls reorganization, wipes out $1B DIP loan in 12 months.
- Yale, Princeton trustees challenge Bitcoin shift from fixed-income mandate.
What makes Bracebridge Capital unique
- Focuses on global fixed income for absolute returns uncorrelated to equities.
- Manages $72B AUM for Yale, Princeton endowments since 1994.
- Co-leads $1B Saks Global DIP loan with Pentwater Capital.
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Benefits
Health Insurance
401(k) Retirement Plan
Hybrid Work Options
Remote Work Options
Flexible Work Hours
Company News
Luxury retailer Saks Global is finalising a $1.75 billion financing package ahead of an imminent Chapter 11 bankruptcy filing. The deal includes a $1 billion debtor-in-possession loan from Pentwater Capital Management and Bracebridge Capital, plus $250 million from banks. An additional $500 million will become available upon exiting bankruptcy protection. The financing will cover operational costs, vendor payments and inventory restocking during reorganisation. Saks Global was formed through Hudson's Bay Co.'s merger of Saks and Neiman Marcus but accumulated significant debt, leading to cash flow problems and missed payments. The debtor-in-possession loan is designed to keep the retailer operating whilst it restructures under bankruptcy protection.
The hedge fund Bracebridge Capital invests in Bitcoin ETFs: $262 million in ARK and $81 million in BlackRock.
Bracebridge Capital LLC purchased a new stake in Clean Earth Acquisitions in the 2nd quarter valued at about $114,000.
Bracebridge Capital is Hiring for 4 Jobs on Simplify!
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About Bracebridge Capital
Industries
Quantitative Finance
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Boston, Massachusetts
Founded
1994
Bracebridge Capital is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today