Nancy Zimmerman

Nancy G. Zimmerman
Born 1963/1964 (age 54–55)[1]
Skokie, Illinois, U.S.
Alma mater Brown University
Occupation Hedge fund manager
Net worth $800 million (February 2018)[2]
Spouse(s) Andrei Shleifer

Nancy Zimmerman (born 1963/64) is an American hedge fund manager. She is the co-founder of Bracebridge Capital, a Boston-based hedge funds with over $10 billion of assets under management as of February 2016. She was involved in the Harvard Institute for International Development's 1997 Russian scandal, for which she reimbursed $1.5 million to the United States federal government. She manages investments for the endowments of Yale University and Princeton University.

Early life

Nancy Zimmerman was born to a Jewish family[3] in Skokie, Illinois.[4] She graduated from Brown University[5] in 1985.[1][6]

Career

Zimmerman started her career working for O’Connor & Associates at the Chicago Mercantile Exchange.[1] She later worked on interest rate options for Goldman Sachs.[4] At Goldman, her boss was Jon Corzine, who later became the Governor of New Jersey.[4]

Zimmerman co-founded Bracebridge Capital[7] with Gabriel Sunshine in 1994.[4] The fund manages investments for Yale University and Princeton University.[4] As of February 2016, it had over $10 billion of assets under management.[4]

Zimmerman's investments in Russia made national headlines in 1997 when the USAID ended a $14 million grant to the Harvard Institute for International Development, headed by Zimmerman's husband, after he was accused of using the institute to help Zimmerman with her investments.[8] As part of a settlement, Zimmerman subsequently paid $1.5 million to the USG through one of her companies, Farallon Fixed Income Associates.[9]

Zimmerman formerly served on the board of trustees of her alma mater, Brown University, from July 2010 to June 2016.[6][10] She served on the scholar selection committee of the Institute of International Education’s Scholar Rescue Fund.[10]

Personal life

Zimmerman is married to Andrei Shleifer, a professor of economics at Harvard University.[4] She is Jewish.[11] As of February 2016, she was worth an estimated $320 million.[1]

References

  1. 1 2 3 4 "2016 America's Self-Made Women: #46 Nancy Zimmerman". Forbes. Retrieved March 10, 2017.
  2. ↑ https://www.forbes.com/profile/nancy-zimmerman/?list=self-made-women
  3. ↑ Singer, Jenny (July 12, 2018). "These Are America's Richest Self-Made Jewish Women". Jewish Daily Forward.
  4. 1 2 3 4 5 6 7 Moroney, Tom; Willmer, Sabrina (February 4, 2016). "The Secretive Hedge Fund That's Generating Huge Profits for Yale". Bloomberg. Retrieved March 10, 2017.
  5. ↑ "Nancy Zimmerman". Forbes. Retrieved 2018-02-08.
  6. 1 2 Kidwell, Sarah. "Brown Corporation Elects Three New Fellows and Six New Trustees". News from Brown. Brown University. Retrieved March 12, 2017.
  7. ↑ "Nancy Zimmerman". Forbes. Retrieved 2018-02-08.
  8. ↑ Myers, Steven Lee (May 22, 1997). "Harvard Loses A.I.D. Grant For Russians". The New York Times. Retrieved March 12, 2017. In a letter on Tuesday notifying Harvard of the suspension, A.I.D. said its inspector in Moscow had documentary evidence and statements that the two men had used the resources and staff of the program in Moscow to help Mr. Shleifer's wife, Nancy Zimmerman, make significant investments in Russia.
  9. ↑ "Harvard Agrees to Settlement in Complaint Over Investments". The New York Times. August 4, 2005. Retrieved March 12, 2017. Farallon Fixed Income Associates, a company owned by Mr. Shleifer's wife, Nancy Zimmerman, has already paid the government $1.5 million as part of the settlement.
  10. 1 2 "Leadership". University Bulletin. Brown University. Retrieved March 11, 2017.
  11. ↑ "Harvard Chabad Women's Circle". Harvard Chabad. Retrieved March 11, 2017.
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