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Adviser Profile

As of Date 08/29/2024
Adviser Type - Large advisory firm
Number of Employees 119
of those in investment advisory functions 41 -2.38%
Registration SEC, Approved, 02/20/2009
AUM* 27,851,162,291 8.78%
of that, discretionary 27,851,162,291 8.78%
Private Fund GAV* 16,458,139,846 -19.39%
Avg Account Size 212,604,292 5.46%
SMA’s Yes
Private Funds 77 7
Contact Info 212 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- State or municipal government entities
- Insurance companies
- Sovereign wealth funds and foreign official institutions
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
31B 27B 22B 18B 13B 9B 4B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count28 GAV$6,801,072,960
Fund TypePrivate Equity Fund Count2 GAV$157,034
Fund TypeSecuritized Asset Fund Count47 GAV$9,656,909,852

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR (PUT) $ Position$172,128,000 % Position38.00% $ Change-21.00% # Change-25.00%
Stck Ticker464287655 Stock NameISHARES TR (CALL) $ Position$110,445,000 % Position24.00% $ Change9.00% # Change0.00%
Stck Ticker464287242 Stock NameISHARES TR $ Position$57,907,375 % Position13.00% $ Change # Change
Stck Ticker39525U107 Stock NameGREENFIRE RES LTD NEW $ Position$37,052,031 % Position8.00% $ Change7.00% # Change-3.00%
Stck Ticker530715AL5 Stock NameLIBERTY MEDIA CORP DEL $ Position$26,335,230 % Position6.00% $ Change-2.00% # Change-15.00%
Stck Ticker585464100 Stock NameMELCO RESORTS AND ENTMNT LTD $ Position$8,802,700 % Position2.00% $ Change4.00% # Change0.00%
Stck Ticker27923Q109 Stock NameECOVYST INC $ Position$9,789,220 % Position2.00% $ Change5.00% # Change37.00%
Stck Ticker09789C887 Stock NameBONDBLOXX ETF TRUST $ Position$5,095,936 % Position1.00% $ Change6.00% # Change0.00%
Stck Ticker165167735 Stock NameCHESAPEAKE ENERGY CORP $ Position$6,338,493 % Position1.00% $ Change # Change
Stck Ticker530715AL5 Stock NameLIBERTY MEDIA CORP DEL $ Position$4,108,950 % Position1.00% $ Change6.00% # Change-7.00%

Brochure Summary

Overview

Brigade Capital Management, LP (“Brigade Capital”) is a New York-based investment management firm that commenced operations in 2006. Donald E. Morgan, III is Brigade Capital’s principal owner. Brigade Capital provides discretionary investment advisory or sub-advisory services to its clients (the “Advisory Clients”) which include:  private investment funds (the “Private Investment Funds”) for institutional and other sophisticated investors;  a mutual fund that is a registered investment company registered under the Investment Company Act of 1940, as amended (the “Mutual Fund”);  separately managed accounts (the “Accounts”), including accounts established by registered investment companies (“RICs”);  joint venture arrangements (“JVs”) with unaffiliated third parties; and  other institutional or sophisticated investors. Brigade Capital’s investment advisory services also include serving as a collateral manager to entities that operate as collateral loan obligations, collateral debt obligations or similar entities (hereinafter referred to collectively as the “CLO/CDO Funds,” and collectively with the Private Investment Funds, the “Funds”). Brigade Capital established Brigade Capital UK LLP (“Brigade UK”), which is a controlled affiliate that operates out of London, United Kingdom, and provides research, marketing and investment advisory services to Brigade Capital, as well as research and trading services to Brigade Capital Europe Management LLP (“BCEM”). Brigade UK is authorised and regulated by the Financial Conduct Authority (“FCA”), and it may exercise discretionary trading authority with respect to Brigade Capital’s Advisory Clients from time to time, to the extent such trading authority is delegated to it by Brigade Capital and/or the Advisory Clients, as applicable. Brigade UK also advises a European special purpose acquisition company. BCEM, a controlled affiliate of Brigade Capital, operates out of London, United Kingdom and is authorised and regulated by the FCA. BCEM is registered with the SEC as a relying adviser under an umbrella registration with Brigade Capital. BCEM provides discretionary investment advisory services by serving as the collateral manager and sponsor or originator to certain CLO/CDO
Funds marketed in Europe, European domiciled and Euro denominated collateralized loan obligation issuers and warehouses (“ECLOs”). To the extent applicable, Brigade Capital, Brigade UK and BCEM are collectively referred to herein as “Brigade”. Brigade generally has broad and flexible investment authority with respect to the investment portfolios that it manages for its Advisory Clients. Brigade provides investment advisory services to its Advisory Clients with respect to a wide range of investments including: investments in long and short positions in securities issued by U.S. and international high yield issuers and related instruments; investments in distressed/special situation opportunities across capital structures and market capitalizations; investments in the broader credit markets, including investment grade bonds, high yield bonds, loans and credit default swaps; investments in and related to special purpose acquisition companies; investments in derivatives and other hedging instruments including, but not limited to, options, commodities, swaptions and constant maturity swaps. Brigade does not tailor its advisory services to the individual needs of investors in the Funds (“Fund Investors”) and does not accept Fund Investor-imposed investment restrictions. Please also refer to Item 10 for a discussion of side letters. When deemed appropriate, Brigade has established, and may in the future establish, Private Investment Funds and/or Accounts for particular clients, or otherwise provided specialized advisory services to certain clients. These Private Investment Funds and Accounts are subject to investment objectives, guidelines, and restrictions, and fee arrangements and other terms that are individually negotiated with each such client. These Private Investment Fund and Account relationships generally involve significant account minimums. As of December 31, 2023, Brigade Capital managed $27,851,162,291 of Advisory Client regulatory assets on a discretionary basis. As of December 31, 2023, Brigade UK may exercise discretionary trading over certain of Brigade Capital’s regulatory assets, totaling $26,469,130,157. As of the date of this Brochure, Brigade does not manage any assets on a non-discretionary basis.