BROOKSIDE CAPITAL MANAGEMENT LLC Profile
Brookside Capital Management LLC, also simply known as Brookside Capital LLC, is an investment management firm based out of Boston. The company was established in 1996 and is currently operating under a group of managing directors. Brookside Capital Management operates as an affiliate of Bain Capital and operates with 62 employees of which 18 are investment professionals. The firm utilizes a long short investment methodology and invests in the public equity markets on a global scale. Brookside Capital Management conducts both strategic and financial analysis internally and also conducts direct research through customer and vendor interviews and various cost comparisons. The firm utilizes a bottom up research methodology and focuses on macroeconomic and company specific factors including industry attractiveness, competitive positioning, key risks and opportunities, and overall management capabilities. Brookside Capital Management invests most heavily in the consumer discretionary sector, which alone makes up almost a third of its total asset allocations, and also invests in the information technology sector, which makes up another quarter of its allocations, health care, industrials, and materials sectors, among other sectors to a lesser degree, in order of decreasing amount allocated. Brookside Capital Management’s top 10 holdings together make up over half of its total holdings and the company has a relatively high turnover rate of 56%. The firm holds over $7.5 billion in total assets under management spread across 6 accounts, all of which are discretionary accounts. Although Brookside Capital Management’s total number of accounts managed has been steadily rising in recent years, its total assets under management has suffered losses, having once been as high as over $11.5 billion back in 2010. The firm currently provides services exclusively to pooled investment vehicles and takes advisory fees in the form of percentage of assets and other fees, which includes general partner profit allocations.