Nancy Zimmerman – People, Process, and Fixed Income Arbitrage at Bracebridge (EP.517)
Nancy Zimmerman, co-founder and Managing Partner of Bracebridge Capital, discusses her multi-decade career in fixed income arbitrage, from learning options pricing at O'Connor & Associates to launching Bracebridge alongside Gabe Sunshine with backing from David Swensen. She details how Bracebridge identifies structural market inefficiencies across developed rates, structured credit, corporates, and emerging markets, and explains the firm's approach to portfolio construction, crisis management, and talent alignment.
- Tech hyperscalers are borrowing vast capital across any available maturity and currency, prioritizing speed and compute capacity over debt pricing. Read →
- David Swensen left behind a literal reminder of his core investment thesis at Yale: when colleagues cleaned out his office desk, they found a note card reading "People, people, people." Read →
- Nancy Zimmerman launched Bracebridge Capital in 1994 alongside Gabe Sunshine with early backing from David Swensen at Yale, building a multi-decade edge in relative value fixed income. Read →
- Nancy Zimmerman launched Bracebridge Capital alongside Gabe Sunshine with early backing from David Swensen, applying relative value models developed during her time at O'Connor & Associates. Read →
- Institutional friction prevents algorithmic trading from eliminating bond market mispricings. Read →
- Nancy Zimmerman co-founded Bracebridge Capital in 1994 alongside Gabe Sunshine, backed early by Yale endowment head David Swensen. Read →