Nancy Zimmerman

Nancy Gail Zimmerman (born 2 July 1963 ) is an American hedge fund manager. She is the co-founder of Bracebridge Capital, a Boston-based hedge fund with over $12 billion of assets under management as of June 2019. The fund manages investments for foundations, pensions, high net worth individuals and endowments, including those of Yale University and Princeton University. She gained media attention in 1997 for her involvement in the Harvard Institute for International Development's Russian aide controversy and in the 2010s for her firm's role in Argentina's debt restructuring. As of 2019, she is the wealthiest female hedge fund founder in the U.S.

Early life Nancy Zimmerman was born and raised in Skokie, Illinois, the youngest of two girls. She graduated from Brown University in 1985.

Career While attending Brown University, Zimmerman spent her summers working for O’Connor & Associates at the Chicago Mercantile Exchange. After graduation she spent three years with the firm, trading currency options. The fund also manages investments for Princeton University. Under the deal negotiated, the hedge funds received about 75% of their judgements with Bracebridge receiving 952% gains, or $1.1 billion on an investment of $120 million. As part of a settlement, Zimmerman subsequently paid $1.5 million to the US government through one of her companies, Farallon Fixed Income Associates. As of June 2019, she was worth an estimated $740 million and ranked #32 on Forbes 2019 America's Self-Made Women List.