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Bracebridge Capital

Bracebridge Capital

Hedge fund manager specializing in fixed-income

Machine Learning Analyst

Full-Time
$110k - $145k/yr
Entry
Bachelor's
Boston, MA, USA
In Person

On-site in Boston, MA; no remote work.

About the job

Requirements
  • Bachelor’s degree (or equivalent) in a rigorous quantitative field
  • 0-2 years of experience through industry internships, undergraduate research or thesis, or substantial independent technical projects involving software development, data analysis, or machine learning
  • Proficiency in Python and familiarity with the Python data science stack (NumPy, SciPy, Pandas, scikit-learn, etc), with experience in other languages a plus
  • Experience working with and analyzing data from multiple sources and in multiple formats
  • Familiarity with machine learning and statistical modeling fundamentals, including model evaluation and experimental design
  • Demonstrated ability to independently scope and execute open-ended technical projects
  • Interest in financial markets, intellectual curiosity, and comfort in working on open-ended problems
  • Strong written and verbal communication skills
Responsibilities
  • Collaborate closely with Machine Learning team members, portfolio managers, and researchers to translate open-ended investment questions into well-defined analytical and machine learning problems
  • Develop and evaluate data-driven machine learning and quantitative models, including simulation- and optimization-based approaches, for investment-related problems
  • Contribute to maintaining existing models and analytic tools in production
  • Over time, take ownership of individual features and components and full projects
  • Clearly document and communicate methods, assumptions, results, and limitations of models to other researchers and trading professionals across the firm
  • Stay current with relevant new techniques and technologies in machine learning and artificial intelligence, particularly as they pertain to finance and investing

About the company

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.

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1994

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Simplify's Take

What believers are saying

  • Bracebridge reported active 2026 hiring for analysts, accountants, and operations roles.
  • May 2024 filings showed major ARKB and IBIT positions, signaling willingness to seize new products.
  • June 2026 Saks emergence gave Bracebridge board representation and potential restructuring upside.

What critics are saying

  • Saks Global filed Chapter 11 in January 2026, tying Bracebridge to a troubled retailer.
  • The Saks rescue loan exposed Bracebridge to management-control disputes and bankruptcy execution risk.
  • Bitcoin ETF concentration and volatile fixed-income bets create sharp drawdown risk if markets reverse.

What makes Bracebridge Capital unique

  • Bracebridge combines Boston hedge fund heritage with deep fixed-income and distressed credit expertise.
  • Its 2026 SEC activity shows continued portfolio management across liquid and event-driven strategies.
  • Bracebridge gained restructuring influence through the Saks Global financing and new ELG board seats.

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Benefits

Health Insurance

401(k) Retirement Plan

Hybrid Work Options

Remote Work Options

Flexible Work Hours

Company News

WQXC
Jun 26th, 2026
Saks Global emerges from bankruptcy with new name, lower debt.

Saks Global emerges from bankruptcy with new name, lower debt. By Thomson Reuters Jun 26, 2026 | 5:37 PM June 26 (Reuters) - Luxury retailer Saks Global on Friday emerged from Chapter 11 bankruptcy after nearly five months, under a new ownership structure and corporate name and with a smaller store footprint and lower debt. The company will operate under the name Exemplar Luxury Group (ELG), and will focus on luxury retail, after Saks closed most of its off-price locations as part of its restructuring over the past few months. ELG's reconstituted board will consist of two representatives each from investment firms Pentwater Capital Management and Bracebridge Capital that partnered with Saks during the restructuring process, the company said. After struggling with weak sales for more than a year, piling up debt and defaulting on vendor payments, Saks filed for bankruptcy protection in January. ELG said on Friday that its debt had been reduced by nearly 75% as part of the restructuring. The company's December 2024 merger with Neiman Marcus, orchestrated by real estate tycoon Richard Baker, caused cash shortfalls and inventory issues at its stores and strained its relationship with critical vendors such as Chanel, LVMH and Kering. Saks Global filed for bankruptcy with $3.4 billion in debt, just about a year after the merger. (Reporting by Juveria Tabassum and Koyena Das in Bengaluru; Editing by Sriraj Kalluvila and Sahal Muhammed)

News18
Jan 14th, 2026
Saks Global secures $1.75B financing ahead of Chapter 11 bankruptcy filing

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 Cryptonomist
May 14th, 2024
The Hedge Fund Bracebridge Capital invests in Bitcoin ETFs: $262 million in ARK and $81 million in BlackRock

The hedge fund Bracebridge Capital invests in Bitcoin ETFs: $262 million in ARK and $81 million in BlackRock.

Defense World
Feb 21st, 2023
Wolverine Asset Management LLC Lowers Holdings in Clean Earth Acquisitions Corp. (NASDAQ:CLINR)

Bracebridge Capital LLC purchased a new stake in Clean Earth Acquisitions in the 2nd quarter valued at about $114,000.