Company type | Subsidiary |
---|---|
Industry | Hedge fund |
Founded | 1992 |
Founders |
Glenn Dubin Henry Swieca |
Headquarters |
277 Park Avenue New York, New York, United States |
AUM | $4 billion (2022) |
Owner | JPMorgan Chase |
Number of employees | 300 |
Website |
www |
Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. [1] In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under management, out of $150 billion in JPMorgan's global alternatives division. [2]
The firm was founded in 1992, by childhood friends Glenn Dubin and Henry Swieca. The company started with $35 million in capital and is named after the 19th-century aqueduct that connects Washington Heights and the Bronx. In 2004, J.P. Morgan Asset Management purchased 55% ownership of the firm, and then substantially all the remaining shares in 2009. [3] [4]
The company maintains offices in New York and London. The firm operates as a subsidiary of J.P. Morgan Asset Management. [5]
In October 2015, it was reported that JPMorgan Chase was nearing a deal to sell the firm's private equity business. [6]
In 2019, 52 people were laid off as it was restructured.
In 2019 the company was restructured "JPMorgan to convert Highbridge multi-strategy fund into credit fund"
In 2006 Highbridge invested as a joint venture in Louis Dreyfus Company to increase its access to and control of energy delivery within trading markets. [7] The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy). [7] In October 2012 Highbridge exited the position as it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge. [8] The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business. [8] The new company was named Castleton Commodities International, LLC where Dubin as of 2012 is the lead shareholder. [9]
Following the Highbridge/J.P. Morgan partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, a leading alternative-asset management company in Brazil. [10] Gávea was co-founded in 2003 by Chairman and Chief Investment Officer Arminio Fraga, former President of the Central Bank of Brazil. [10]
Year | AUM in Bil. USD$ |
---|---|
2006 [11] | 14 |
2007 [12] | 11 |
2008 [12] | 4 |
2011 [13] | 27 |
Company type | Subsidiary |
---|---|
Industry | Hedge fund |
Founded | 1992 |
Founders |
Glenn Dubin Henry Swieca |
Headquarters |
277 Park Avenue New York, New York, United States |
AUM | $4 billion (2022) |
Owner | JPMorgan Chase |
Number of employees | 300 |
Website |
www |
Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. [1] In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under management, out of $150 billion in JPMorgan's global alternatives division. [2]
The firm was founded in 1992, by childhood friends Glenn Dubin and Henry Swieca. The company started with $35 million in capital and is named after the 19th-century aqueduct that connects Washington Heights and the Bronx. In 2004, J.P. Morgan Asset Management purchased 55% ownership of the firm, and then substantially all the remaining shares in 2009. [3] [4]
The company maintains offices in New York and London. The firm operates as a subsidiary of J.P. Morgan Asset Management. [5]
In October 2015, it was reported that JPMorgan Chase was nearing a deal to sell the firm's private equity business. [6]
In 2019, 52 people were laid off as it was restructured.
In 2019 the company was restructured "JPMorgan to convert Highbridge multi-strategy fund into credit fund"
In 2006 Highbridge invested as a joint venture in Louis Dreyfus Company to increase its access to and control of energy delivery within trading markets. [7] The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy). [7] In October 2012 Highbridge exited the position as it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge. [8] The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business. [8] The new company was named Castleton Commodities International, LLC where Dubin as of 2012 is the lead shareholder. [9]
Following the Highbridge/J.P. Morgan partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, a leading alternative-asset management company in Brazil. [10] Gávea was co-founded in 2003 by Chairman and Chief Investment Officer Arminio Fraga, former President of the Central Bank of Brazil. [10]
Year | AUM in Bil. USD$ |
---|---|
2006 [11] | 14 |
2007 [12] | 11 |
2008 [12] | 4 |
2011 [13] | 27 |