Highbridge Capital Management, LLC is a global alternative investment management organization founded in 1992. For nearly two decades, Highbridge has been dedicated to helping investors meet their specific alternative investment needs and objectives. Since its inception, the firm has evolved and developed a diversified multi-strategy investment platform built on a foundation of deep industry expertise with a fundamental focus on capital preservation and risk management. The platform represents a range of world-class solutions comprising hedge funds, traditional investment management products, and credit and equity investments with longer-term holding periods.
Generating Income in a Low-Yield Environment
In this "low for long" rate environment, generating high and stable income remains a challenge for investors who need to maintain portfolio yields. However, certain market dynamics are creating opportunities to pick up compelling yields across a range of asset classes, each with varying levels of risk-based capital intensity.
In December 2004, J.P. Morgan Asset Management purchased a majority interest in Highbridge, creating one of the largest and most significant strategic alliances in the hedge fund industry. In July 2009, J.P. Morgan Asset Management completed its purchase of substantially all remaining shares of the firm. This transaction remains at the vanguard of the institutionalization of the hedge fund industry and is widely viewed as a model of success.
Highbridge Principal Strategies ("HPS") was launched in 2007 as the firm's principal investing business. HPS is now a multi-billion dollar business that manages debt and equity opportunities with longer-term holding periods, including loan, mezzanine, private equity and other investments.
Following the success of the Highbridge / J.P. Morgan strategic partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, one of Brazil’s leading alternative investment management firms. With headquarters in Rio de Janeiro and offices in São Paulo, Gávea brings over 100 employees to its partnership with Highbridge.
With over 475 employees located globally, including more than 130 investment professionals*, the firm has the unique ability to leverage resources and knowledge across several continents and both developed and emerging markets. Highbridge and its affiliates manage over $26 billion* in capital for some of the world's most prominent institutional investors, public and corporate pension funds, endowments, foundations and family offices. The firm is based in New York with offices in London, Hong Kong, Rio de Janeiro and São Paulo.
Glenn Dubin, CEO and Chairman of Highbridge, reflects on the evolution of Highbridge and the benefits of a more experienced and structured management team. Watch the video
Strategic value of the Highbridge/J.P. Morgan partnership
Todd Builione, CEO of Hedge Fund Business and President of Highbridge, explains the advantages of the Highbridge and J.P. Morgan relationship. Watch the video
New opportunities in public and private financing
Aren LeeKong, Managing Director, Highbridge Principal Strategies, discusses changes in the credit markets and investment solutions in public and private financing. Watch the video
*Includes Highbridge and its affiliates, as of 1/31/12
The managers seek to achieve the stated objectives. There can be no guarantee the objectives will be met.
Arbitrage strategies are highly complex. Such trading strategies are dependent upon various computer and telecommunications technologies and upon adequate liquidity in markets traded. The successful execution of these strategies could be severely compromised by, among other things, illiquidity of the markets traded. These strategies are dependent on historical correlations that may not always be true and may result in losses.
Highbridge Capital Management LLC, investment adviser.
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