The Low-Pro­file Fund That’s Won Big for Yale

Brace­bridge Cap­i­tal is the big­gest hedge fund run by a woman “The bonds don’t know who owns them”

Bloomberg Businessweek (Europe) - - MARKETS/ FINANCE -

Last year was a tough one for hedge fund man­agers, but the Yale En­dow­ment’s bet on one lit­tle-known Bos­ton fund has con­tin­ued to pay off.

Nancy Zimmerman’s Brace­bridge Cap­i­tal has gone from $5.8 bil­lion in as­sets four years ago to $10.3 bil­lion. That makes it the largest hedge fund in the world run by a woman. De­spite this, Zimmerman, who sur­vived a 1990s scan­dal in­volv­ing Rus­sia, her hus­band, and Har­vard, has largely avoided the lime­light.

Brace­bridge was staked with

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