Winter 2026
Intern
Finance, Multiple Teams
Posted on 9/2/2025
Bracebridge Capital
51-200 employees
Hedge fund manager specializing in fixed-income
No salary listed
Boston, MA, USA
In Person
Housing support will be provided.
 Finance & Banking (2) |
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- Sophomores with top academic credentials
- Keen interest in finance and a desire to learn about financial markets and hedge funds
- Strong math, analytical and/or programming skills
- Curiosity about international capital markets, trading strategies, and risk analysis
- Strong work ethic and ability to work effectively in a team environment
- No previous experience in finance is necessary
- Engage in an abbreviated version of our analyst training program
- Attend a series of presentations from Portfolio Managers about their investment areas, their risk analysis and general trends in their areas of focus
- Attend a series of presentations given by members of our research, back office, legal and technology and software departments, to better understand the many facets of a buy side financial services firm
- Perform a group research project under direction of a senior member of our investment team, with support of investment analysts and Bracebridge resources
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
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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Your Connections
People at Bracebridge Capital who can refer or advise you
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.