Highbridge Capital Management, LLC is a multi-strategy

alternative investment An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such a ...

management firm founded by

Glenn Dubin Glenn Russell Dubin (born April 13, 1957) is a billionaire hedge fund manager and the Principal of Dubin & Co. LP, a private investment company. He is the co-founder of Highbridge Capital Management, an alternative asset management company base ...

and

Henry Swieca Henry Alexander Swieca (born 1957) is the co-founder and former Chief Investment Officer of Highbridge Capital Management and the founder of Talpion Fund Management. Early life Swieca grew up in a Jewish family in Washington Heights, Manhattan, ...

in 1992. In 2004, it was purchased by

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the w ...

; as of 2019, it had about $3.9 billion in assets under management, out of $150 billion in JPMorgan's global alternatives division.

History

The firm was founded in 1992, by childhood friends Glenn Dubin and Henry Swieca. The company started with $35 million in capital and is named after the 19th-century aqueduct that connects Washington Heights and the

Bronx The Bronx () is a borough of New York City, coextensive with Bronx County, in the state of New York. It is south of Westchester County; north and east of the New York City borough of Manhattan, across the Harlem River; and north of the New ...

. In 2004,

J.P. Morgan Asset Management JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the w ...

purchased 55% ownership of the firm, and then substantially all the remaining shares in 2009. The company maintains offices in New York and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

. The firm operates as a subsidiary of J.P. Morgan Asset Management. In October 2015, it was reported that JPMorgan Chase was nearing a deal to sell the firm's private equity business.Chung, Juliet, and Emily Glazer
"J.P. Morgan Near Deal to Sell Majority of Highbridge Private Equity Business"
(subscription access), ''Wall Street Journal'', October 20, 2015. Retrieved 2015-10-20. In 2019, 52 people were laid off as it was restructured. In 2019 the company was restructure
"JPMorgan to convert Highbridge multi-strategy fund into credit fund"

Investments

In 2006 Highbridge invested as a joint venture in Louis Dreyfus Company to increase its access to and control of energy delivery within trading markets. The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy). In October 2012 Highbridge exited the position as it was announced that

, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge. The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business. The new company was named Castleton Commodities International, LLC where Dubin as of 2012 is the lead shareholder. Following the Highbridge/J.P. Morgan partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, a leading alternative-asset management company in Brazil. Gávea was co-founded in 2003 by Chairman and Chief Investment Officer

Arminio Fraga Armínio Fraga Neto (born 20 July 1957, in Rio de Janeiro) is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2003. From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Ma ...

, former President of the Central Bank of Brazil.

Assets under management

References

External links

Highbridge Capital Management
{{DEFAULTSORT:Highbridge Capital Management Financial services companies established in 1992 Hedge fund firms of the United States Hedge funds

History

Investments

Assets under management

See also

References

External links