Highbridge Capital Management

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Key Facts

Founded1992
Websitehttp://www.highbridge.com
HeadquartersNew York
Other OfficesLondon and Hong Kong
Employees178
AUM$9.1 billion
AUM as ofSeptember 20, 2017
StrategiesLong/Short, Multi Strategy, Quantitative, Relative Value
Clients15

Overview

Highbridge Capital Management is a hedge fund based in New York with offices in London and Hong Kong. It was founded in 1992 by Glenn Dubin and Henry Swieca. They hold $9.1 billion in assets under management as of September 20, 2017. Read their Plain English Brochure. Now majority-owned by JP Morgan Chase
The largest US Hedge Fund with $44.7 billion under management as of 1/1/2008http://www.ft.com/cms/s/0/077f79ee-ea57-11dc-b3c9-0000779fd2ac.html
$37 billion in assets under management as of September 2007http://www.ft.com/cms/s/0/787252e0-5ffe-11dc-b0fe-0000779fd2ac.html

Sub Funds and Performance

NameAUM (bn) Type Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
1992 Co-Invest (Offshore) L.P. 0.040 hedge fund 1,000,000 3 1.0 50.0
1992 Co-Invest L.P. 0.010 hedge fund 1,000,000 10 49.0 51.0
1992 Master Fund Co-Invest Spc 0.050 hedge fund 100,000 13 10.0 50.0
Hcc Feeder Fund, Ltd. 0.104 hedge fund 100,000 25
Highbridge Asia Strategies Fund, L.P. 0.032 hedge fund 5,000,000 9 44.0
Highbridge Asia Strategies Fund, Ltd. 0.048 hedge fund 5,000,000 18 23.0 26.0
Highbridge Asia Strategies Master Fund, L.P. 0.143 hedge fund 100,000 27 31.0 15.0 Goldman Sachs & Co. LLC, UBS
Highbridge Capital Corporation 1.834 hedge fund 10,000,000 409 6.0 20.0
Highbridge Capital Institutional Fund, Ltd. 0.107 hedge fund 10,000,000 2
Highbridge Capital L.P. 0.555 hedge fund 10,000,000 113 4.0
Highbridge Capital Multi-Strategy Unit Trust 0.046 hedge fund 10,000,000 3
Highbridge Master L.P. 7.194 hedge fund 100,000 877 13.0 10.0 Credit Suisse Securities (Europe) Limited, Credit Suisse, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill, Morgan Stanley, Ubs Ag
Highbridge Tactical Credit & Convertibles Fund, Ltd. 0.154 hedge fund 5,000,000 41 4.0
Highbridge Tactical Credit & Convertibles Fund, L.P. 0.055 hedge fund 5,000,000 55 8.0 7.0
Highbridge Tactical Credit & Convertibles Master Fund, L.P. 0.396 hedge fund 100,000 96 5.0 2.0 Credit Suisse, Deutsche Bank Securities Inc., Merrill

Historical Performance

2009 Returns
* Long-Short fund down 2.48% in January, 2009http://dealbreaker.com/2009/02/dear-investor-3.php
* Long-Short fund down 6.22% the first week of March, bringing YTD to -7.88%
* Long-Short fund up 2.12% in mid March, bringing YTD to +.31%http://dealbreaker.com/2009/04/golf-clap-for-highbridge.php

Mulitstrategy fund down 13% YTD through 10/1/2008
Long-Short fund down 6% YTD through 10/1/2008
Stat-Arb fund up 8% YTD through 10/1/2008http://dealbook.blogs.nytimes.com/2008/10/24/highbridge-cuts-10-of-employees/#more-27668

Highbridge Capital Corp up 1.19% in February 2007http://www.hedgefundintelligence.com/ar/Article.aspx?PositionID=22836

Returned 21.17% in 2006http://media.ft.com/cms/02fd5a42-f338-11db-9845-000b5df10621.pdf

Key People

NameTitlePositionOwnership
Carla AylottDirector (Highbridge Capital Management (Uk), Ltd.) Owner or OfficerNone
Marc CreatoreChief Operating Officer/Managing Director/Member Of The Board Of Managers (Highbridge Capital Management, Llc) Owner or OfficerNone
Christopher HaywardManaging Partner/Member Of The Board Of Managers (Highbridge Capital Management, Llc) Owner or OfficerNone
Arjun MenonDirector (Highbridge Capital Management (Hong Kong), Limited) Owner or OfficerNone
Irina MirkinDirector (Highbridge Capital Management (Hong Kong), Limited) Owner or OfficerNone
Irina MirkinDirector (Highbridge Capital Management (Uk), Ltd.) Owner or OfficerNone
John OlivaChief Compliance Officer/Managing Director/Member Of The Board Of Managers (Highbridge Capital Management, Llc) Owner or OfficerNone
Julie ParkerChief Legal Officer/Senior Vice President/Member Of The Board Of Managers (Highbridge Capital Management, Llc) Owner or OfficerNone
Max RobertsChief Risk Officer/Managing Director (Highbridge Capital Management, Llc) Owner or OfficerNone
Blair SalvesonChief Financial Officer (Management Company)/Managing Director/Member - Board Of Managers (Highbridge Capital Management, Llc) Owner or OfficerNone
Mark VanacoreChief Investment Officer/Managing Director (Highbridge Capital Management, Llc) Owner or OfficerNone

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