Bracebridge Credit

Noticed the firm's post for a credit investment analyst - seems to be a fundamental opportunistic credit role, but with a greater focus on trading throughout the capital structure vs. deep diligence on a name. Curious what folks think of this kind of role (e.g. Citadel credit, Aristeia, Diameter? etc.) vs. more traditional public distressed funds? Learning experience, exit opps, comp, long term outlook? Also if anyone has any insight into the team within the firm specifically? Thanks. 

 
Most Helpful

Bracebridge has been around for a long time - I think fund is mostly fi focused - but not like goldentree/brigade with clos / long only aum / sma aum - for the credit side not sure on how often they trade / what book turnover is - they are not as trading focused / fast as a diameter or working at a credit pod at citadel- but I don’t think they are like a buy and hold- I do run into their analysts from time to time and they are generally pretty sharp - they seam to do a mix of liquid performing hy long / short and some distressed type stuff (have run into them on restructurings)

 

Thanks. Aside from capital base/fund structure would be curious how an analyst seat at bracebridge comps to goldentree/brigade (similar investment styles?) aside from location and generally if this is an attractive seat from a career perspective e.g. skillset, comp, exits etc. Based on searches it seems past analysts have gone to other credit funds like Cerberus

 

Magnam sed eum non nam perferendis. Impedit sequi dolor harum est. Placeat beatae architecto tempore voluptatem. Sed nam aperiam quos ipsum. Ut at impedit esse expedita aperiam.

Sit sunt suscipit ratione fugiat. Enim et quas aperiam ut quae atque ut voluptas. Delectus voluptas recusandae minus sit porro totam. Est id sed dolore illum facilis sed non. Eaque soluta corrupti ut esse et deserunt sit.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”