Highbridge Capital Management LLC
Highbridge Capital Management LLC, founded in 1992, is a global alternative investment firm headquartered in New York, NY. It operates as a subsidiary of J.P. Morgan Asset Management and focuses on hedge fund strategies and liquidity products. Its clientele includes financial institutions, corporate pension funds, university endowments, and family offices. The firm manages pooled investment vehicles in multiple strategies. Employee count information ranges from around 330 (including 100 investment professionals) to 374, reflecting changes after restructurings over the years. Highbridge is recognized as a major player in the alternative asset management industry, particularly in credit and multi-strategy investing.
Investment Strategy
Highbridge Capital Management manages alternative investment funds with a focus on multi-strategy and credit-oriented strategies. Historically, the firm employed diverse strategies such as convertible bond arbitrage, credit, event-driven, long/short equity, statistical arbitrage, structured private investments, and commodities trading. Following a restructuring in 2019, Highbridge’s flagship fund pivoted toward credit strategies and private investment funds, serving institutional clients through pooled vehicles. The firm aims to generate risk-adjusted returns across asset classes using both systematic and discretionary approaches.
Top Holdings
Equity Positions (101)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HES | HESS CORP | 3.22% | $79.0M | 569,964 | $145.72 | $138.54 | -$5.2M |
A ALE | ALLETE INC | 2.34% | $57.5M | 898,146 | $64.75 | $64.07 | +$2.6M |
H HEI-A | HEICO CORP NEW | 2.02% | $49.5M | 191,457 | $226.25 | $258.75 | +$26.9M |
F FYBR | FRONTIER COMMUNICATIONS PARE | 1.42% | $34.9M | 958,301 | $34.90 | $36.40 | -$5.1M |
F FWONA | LIBERTY MEDIA CORP DEL | 1.41% | $34.7M | 365,000 | $74.98 | $94.96 | +$11.4M |