Full-Time
Senior Derivatives Operations Specialist
Bracebridge Capital
51-200 employees
Hedge fund manager specializing in fixed-income
Compensation Overview
$95k - $105k/yr
No H1B Sponsorship
Boston, MA, USA
In Person
On-site in Boston Back Bay office; no visa sponsorship.
Bachelor's
 Operations & Logistics (1) |
|---|
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- B.A. degree in Finance, Accounting, or a related field.
- 3 to 5 years of relevant operational work experience including fund accounting, reconciliation and custody preferred.
- General understanding of post trade derivative settlements.
- Understanding of accounting controls as they relate to the investment management industry.
- Strong communication and interpersonal skills.
- Proficient in Microsoft Office applications including Excel.
- Possess exceptional organizational and time management skills as well as attention to detail.
- Manage, prepare, and review the firm’s reconciliation process on a daily basis for all derivative securities.
- Reconcile and process principal and interest payments for all derivative securities.
- Communicate derivative discrepancies with external parties (counterparties, banks, administrators, etc.) as well as internal departments in order to resolve breaks.
- Project, prepare and analyze daily derivative margin calls.
- Work with colleagues internally as well as the firm’s external counterparties.
- Gain a working knowledge of the firm’s general trading strategy, operations, and common cash flows.
- Assist in reviewing monthly shareholder statements.
- Other operational, recordkeeping, and data processing assignments as determined.
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
- Saks’ June 2026 emergence from Chapter 11 validates Bracebridge’s rescue-capital underwriting.
- Large ARKB and IBIT holdings attracted investor attention and differentiated Bracebridge from peers.
- The firm’s 2026 SEC filing confirms ongoing scale, with 888 Boylston operations intact.
What critics are saying
- Saks Global’s 2026 bankruptcy financing ties Bracebridge to a high-profile retail restructuring.
- A 2026 sanctions fine would trigger LP redemption pressure and regulator scrutiny.
- Bitcoin ETF concentration exposes returns and fundraising to violent crypto drawdowns and crowding.
What makes Bracebridge Capital unique
- Bracebridge built a global fixed-income, absolute-return platform since 1994, centered in Boston.
- Its institutional client base includes Yale, Princeton, pensions, foundations, and wealthy families.
- Bracebridge’s Bitcoin ETF and Saks financing bets show flexible capital across dislocated markets.
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Benefits
Health Insurance
401(k) Retirement Plan
Hybrid Work Options
Remote Work Options
Flexible Work Hours
Company News
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)
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.