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Highbridge Capital Management

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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
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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
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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
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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
454: 1935: 1856: 1760: 171:; as of 2019, it had about $ 3.9 billion in assets under management, out of $ 150 billion in JPMorgan's global alternatives division. 504: 691: 237: 1305: 724: 1460: 1402: 1129: 354: 1014: 433: 379: 1220: 1119: 1079: 1049: 17: 37: 558: 205:
In October 2015, it was reported that JPMorgan Chase was nearing a deal to sell the firm's private equity business.
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purchased 55% ownership of the firm, and then substantially all the remaining shares in 2009.
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In 2019, 52 people were laid off as it was restructured.
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Wighton, David; Brewster, Deborah (26 September 2006).
494: 618:. No. Financials. London: Financial Times. Nikkei 638: 613: 585: 531: 248:, former President of the Central Bank of Brazil. 222:In 2006 Highbridge invested as a joint venture in 1931:Financial services companies established in 1992 1922: 240:where Dubin as of 2012 is the lead shareholder. 583: 559:"JPMorgan's Highbridge to Buy Gávea of Brazil" 198:The company maintains offices in New York and 1396: 685: 640:"Highbridge to Launch Standalone Credit Fund" 530:McCrum, Dan; Blas, Javier (3 October 2012). 1880:Alternative investment management companies 1857:Standards Board for Alternative Investments 405:"Purchase Of Highbridge Capital Management" 1905: 1761:Taxation of private equity and hedge funds 1403: 1389: 1301:Indiana Michigan Power Center (Fort Wayne) 692: 678: 611: 587:"Amaranth Losses 'Boost for Backed Funds'" 529: 251: 473: 461:, October 20, 2015. Retrieved 2015-10-20. 615:"Marshall Wace raises €2bn for new fund" 238:Castleton Commodities International, LLC 1306:JPMorgan Chase Building (San Francisco) 14: 1923: 167:in 1992. In 2004, it was purchased by 27:Alternative investment management firm 1936:Hedge fund firms of the United States 1461:fixed-income relative-value investing 1384: 1130:National Bank of Commerce in New York 673: 636: 533:"Louis Dreyfus to sell energy trader" 211:In 2019 the company was restructured 1351: 1221:270 Park Avenue (2021–present) 1015:Banca Commerciale Italiana Trust Co. 474:Sorkinjan, Andrew (8 January 2007). 24: 1120:Mechanics and Metals National Bank 699: 612:Mackintosh, James (9 March 2008). 153:Highbridge Capital Management, LLC 31:Highbridge Capital Management, LLC 25: 1957: 1266:Chase Tower (Englewood, Colorado) 1216:270 Park Avenue (1960–2021) 658: 453:Chung, Juliet, and Emily Glazer, 1904: 1895: 1894: 1885: 1884: 1875: 1874: 1581: 1362: 1350: 1339: 1338: 1075:Fourth National Bank of New York 759: 36: 1410: 1180:Valley National Bank of Arizona 1311:JPMorgan Chase Tower (Houston) 637:Jones, Sam (6 February 2011). 447: 432:. BusinessWeek. Archived from 422: 397: 372: 347: 323: 217: 13: 1: 1060:Dime Savings Bank of New York 741:Highbridge Capital Management 665:Highbridge Capital Management 317: 1735:security characteristic line 1050:Continental Bank & Trust 382:. Highbridge. Archived from 193:J.P. Morgan Asset Management 7: 1723:Capital asset pricing model 1442:Capital structure arbitrage 1281:Chase Tower (Oklahoma City) 313:- Former Managing Director. 304: 159:management firm founded by 10: 1962: 1525:Commodity trading advisors 1271:Chase Tower (Indianapolis) 734:Chase Card Services Canada 359:Pensions & Investments 174: 1870: 1862:Managed Funds Association 1844: 1806:High-net-worth individual 1778: 1686: 1640: 1631: 1590: 1579: 1557: 1512: 1479: 1427: 1418: 1334: 1321:One Chase Manhattan Plaza 1193: 1007:American Savings and Loan 992: 928: 815: 777: 768: 757: 707: 134: 124: 114: 104: 86: 72: 64: 54: 44: 35: 1699:Arbitrage pricing theory 1175:Trust Company of America 1125:National Bank of Detroit 1946:Institutional investors 1811:Institutional investors 1704:Assets under management 1529:managed futures account 1291:Chase Tower (Rochester) 1276:Chase Tower (Milwaukee) 1155:Robert Fleming & Co 853:William B. Harrison Jr. 457:(subscription access), 252:Assets under management 1836:Sovereign wealth funds 1608:High-frequency trading 1457:Fixed income arbitrage 1246:Chase Tower (Amarillo) 1140:New York Trust Company 236:new company was named 157:alternative investment 1678:Structured securities 1494:Distressed securities 1466:Statistical arbitrage 1452:Equity market neutral 1447:Convertible arbitrage 1286:Chase Tower (Phoenix) 1261:Chase Tower (El Paso) 1251:Chase Tower (Chicago) 1170:The Manhattan Company 1160:State Bank of Chicago 1115:Manufacturers Hanover 1090:HF Ahmanson & Co. 1085:Hambrecht & Quist 868:Douglas A. Warner III 833:Junius Spencer Morgan 224:Louis Dreyfus Company 181:19th-century aqueduct 1796:Financial endowments 1741:Fundamental analysis 1489:Shareholder activism 1471:Volatility arbitrage 1256:Chase Tower (Dallas) 1040:Chase Manhattan Bank 1025:Bank United of Texas 843:Henry Sturgis Morgan 823:John Pierpont Morgan 791:Mary Callahan Erdoes 737:EMC Mortgage Company 155:is a multi-strategy 1910:List of hedge funds 1900:Hedge fund managers 1816:Insurance companies 1801:Fund of hedge funds 1709:Black–Scholes model 1623:Proprietary trading 1598:Algorithmic trading 1565:Fund of hedge funds 1165:Texas Commerce Bank 1011:Anchor Savings Bank 898:Dennis Weatherstone 751:One Equity Partners 459:Wall Street Journal 257: 126:Number of employees 32: 1766:Technical analysis 1326:The Qube (Detroit) 1231:383 Madison Avenue 1135:National Park Bank 1105:JP Morgan & Co 1080:Great Western Bank 1055:Corn Exchange Bank 979:Phebe N. Novakovic 746:JP Morgan & Co 256: 185:Washington Heights 110:$ 4 billion (2022) 95:New York, New York 30: 18:Highbridge Capital 1918: 1917: 1774: 1773: 1577: 1576: 1544:Long/short equity 1520:Convergence trade 1504:Special situation 1378: 1377: 1185:Washington Mutual 1002:American Fletcher 924: 923: 863:Walter V. Shipley 848:David Rockefeller 436:on April 19, 2009 411:on April 26, 2012 302: 301: 150: 149: 16:(Redirected from 1953: 1908: 1907: 1898: 1897: 1888: 1887: 1878: 1877: 1821:Investment banks 1668:Foreign exchange 1638: 1637: 1585: 1425: 1424: 1405: 1398: 1391: 1382: 1381: 1366: 1354: 1353: 1342: 1341: 1095:Indiana National 984:Virginia Rometty 908:Winthrop Aldrich 893:Thomas W. Lamont 888:James B. Lee Jr. 828:J. P. Morgan Jr. 775: 774: 763: 730:Chase Paymentech 694: 687: 680: 671: 670: 653: 652: 650: 648: 642: 634: 628: 627: 625: 623: 617: 609: 600: 599: 597: 595: 589: 581: 575: 574: 572: 570: 555: 546: 545: 543: 541: 535: 527: 521: 520: 518: 516: 501: 492: 491: 489: 487: 471: 462: 451: 445: 444: 442: 441: 426: 420: 419: 417: 416: 401: 395: 394: 392: 391: 376: 370: 369: 367: 366: 351: 345: 344: 342: 341: 327: 258: 255: 233:Paul Tudor Jones 146: 143: 141: 40: 33: 29: 21: 1961: 1960: 1956: 1955: 1954: 1952: 1951: 1950: 1921: 1920: 1919: 1914: 1866: 1852:Fund governance 1840: 1770: 1694:Absolute return 1682: 1633: 1627: 1618:Program trading 1613:Prime brokerage 1586: 1573: 1553: 1549:Trend following 1534:Dedicated short 1508: 1475: 1432: 1420: 1414: 1409: 1379: 1374: 1330: 1226:277 Park Avenue 1206:245 Park Avenue 1201:125 London Wall 1189: 1110:Lincoln Savings 1100:Jardine Fleming 994: 988: 931: 920: 811: 798:Gordon A. Smith 795:Daniel E. Pinto 770: 764: 755: 703: 698: 661: 656: 646: 644: 635: 631: 621: 619: 610: 603: 593: 591: 582: 578: 568: 566: 557: 556: 549: 539: 537: 528: 524: 514: 512: 503: 502: 495: 485: 483: 472: 465: 452: 448: 439: 437: 428: 427: 423: 414: 412: 403: 402: 398: 389: 387: 380:"Firm Overview" 378: 377: 373: 364: 362: 353: 352: 348: 339: 337: 335:am.jpmorgan.com 329: 328: 324: 320: 307: 265: 254: 220: 177: 138: 127: 93: 91:277 Park Avenue 79: 28: 23: 22: 15: 12: 11: 5: 1959: 1949: 1948: 1943: 1938: 1933: 1916: 1915: 1913: 1912: 1902: 1892: 1882: 1871: 1868: 1867: 1865: 1864: 1859: 1854: 1848: 1846: 1842: 1841: 1839: 1838: 1833: 1828: 1826:Merchant banks 1823: 1818: 1813: 1808: 1803: 1798: 1793: 1791:Family offices 1788: 1782: 1780: 1776: 1775: 1772: 1771: 1769: 1768: 1763: 1758: 1753: 1751:Securitization 1748: 1743: 1738: 1720: 1706: 1701: 1696: 1690: 1688: 1684: 1683: 1681: 1680: 1675: 1670: 1665: 1660: 1655: 1650: 1644: 1642: 1635: 1629: 1628: 1626: 1625: 1620: 1615: 1610: 1605: 1600: 1594: 1592: 1588: 1587: 1580: 1578: 1575: 1574: 1572: 1571: 1561: 1559: 1555: 1554: 1552: 1551: 1546: 1541: 1536: 1531: 1522: 1516: 1514: 1510: 1509: 1507: 1506: 1501: 1499:Risk arbitrage 1496: 1491: 1485: 1483: 1477: 1476: 1474: 1473: 1468: 1463: 1454: 1449: 1444: 1438: 1436: 1434:relative value 1422: 1416: 1415: 1408: 1407: 1400: 1393: 1385: 1376: 1375: 1373: 1372: 1360: 1348: 1335: 1332: 1331: 1329: 1328: 1323: 1318: 1313: 1308: 1303: 1298: 1293: 1288: 1283: 1278: 1273: 1268: 1263: 1258: 1253: 1248: 1243: 1238: 1233: 1228: 1223: 1218: 1213: 1211:25 Bank Street 1208: 1203: 1197: 1195: 1191: 1190: 1188: 1187: 1182: 1177: 1172: 1167: 1162: 1157: 1152: 1147: 1142: 1137: 1132: 1127: 1122: 1117: 1112: 1107: 1102: 1097: 1092: 1087: 1082: 1077: 1072: 1067: 1062: 1057: 1052: 1047: 1042: 1037: 1032: 1027: 1022: 1017: 1012: 1009: 1004: 998: 996: 990: 989: 987: 986: 981: 976: 973: 971:Mellody Hobson 968: 963: 960: 955: 950: 945: 940: 936: 934: 926: 925: 922: 921: 919: 918: 913: 910: 905: 903:John J. McCloy 900: 895: 890: 885: 883:Blythe Masters 880: 875: 873:Temple Bowdoin 870: 865: 860: 855: 850: 845: 840: 838:George Peabody 835: 830: 825: 819: 817: 813: 812: 810: 809: 804: 799: 796: 793: 788: 781: 779: 772: 766: 765: 758: 756: 754: 753: 748: 743: 738: 735: 732: 727: 722: 717: 711: 709: 705: 704: 701:JPMorgan Chase 697: 696: 689: 682: 674: 668: 667: 660: 659:External links 657: 655: 654: 629: 601: 576: 563:New York Times 547: 522: 509:New York Times 493: 480:New York Times 463: 446: 421: 396: 371: 346: 321: 319: 316: 315: 314: 306: 303: 300: 299: 296: 292: 291: 288: 284: 283: 280: 276: 275: 272: 268: 267: 262: 253: 250: 219: 216: 183:that connects 176: 173: 169:JPMorgan Chase 148: 147: 136: 132: 131: 128: 125: 122: 121: 119:JPMorgan Chase 116: 112: 111: 108: 102: 101: 88: 84: 83: 74: 70: 69: 66: 62: 61: 56: 52: 51: 46: 42: 41: 26: 9: 6: 4: 3: 2: 1958: 1947: 1944: 1942: 1939: 1937: 1934: 1932: 1929: 1928: 1926: 1911: 1903: 1901: 1893: 1891: 1883: 1881: 1873: 1872: 1869: 1863: 1860: 1858: 1855: 1853: 1850: 1849: 1847: 1843: 1837: 1834: 1832: 1831:Pension funds 1829: 1827: 1824: 1822: 1819: 1817: 1814: 1812: 1809: 1807: 1804: 1802: 1799: 1797: 1794: 1792: 1789: 1787: 1786:Vulture funds 1784: 1783: 1781: 1777: 1767: 1764: 1762: 1759: 1757: 1754: 1752: 1749: 1747: 1744: 1742: 1739: 1736: 1732: 1728: 1724: 1721: 1718: 1717:delta neutral 1714: 1710: 1707: 1705: 1702: 1700: 1697: 1695: 1692: 1691: 1689: 1685: 1679: 1676: 1674: 1673:Money markets 1671: 1669: 1666: 1664: 1661: 1659: 1656: 1654: 1651: 1649: 1646: 1645: 1643: 1639: 1636: 1630: 1624: 1621: 1619: 1616: 1614: 1611: 1609: 1606: 1604: 1601: 1599: 1596: 1595: 1593: 1589: 1584: 1570: 1569:Multi-manager 1566: 1563: 1562: 1560: 1556: 1550: 1547: 1545: 1542: 1540: 1537: 1535: 1532: 1530: 1526: 1523: 1521: 1518: 1517: 1515: 1511: 1505: 1502: 1500: 1497: 1495: 1492: 1490: 1487: 1486: 1484: 1482: 1478: 1472: 1469: 1467: 1464: 1462: 1458: 1455: 1453: 1450: 1448: 1445: 1443: 1440: 1439: 1437: 1435: 1430: 1426: 1423: 1417: 1413: 1406: 1401: 1399: 1394: 1392: 1387: 1386: 1383: 1371: 1370: 1365: 1361: 1359: 1358: 1349: 1347: 1346: 1337: 1336: 1333: 1327: 1324: 1322: 1319: 1317: 1314: 1312: 1309: 1307: 1304: 1302: 1299: 1297: 1294: 1292: 1289: 1287: 1284: 1282: 1279: 1277: 1274: 1272: 1269: 1267: 1264: 1262: 1259: 1257: 1254: 1252: 1249: 1247: 1244: 1242: 1239: 1237: 1234: 1232: 1229: 1227: 1224: 1222: 1219: 1217: 1214: 1212: 1209: 1207: 1204: 1202: 1199: 1198: 1196: 1192: 1186: 1183: 1181: 1178: 1176: 1173: 1171: 1168: 1166: 1163: 1161: 1158: 1156: 1153: 1151: 1148: 1146: 1143: 1141: 1138: 1136: 1133: 1131: 1128: 1126: 1123: 1121: 1118: 1116: 1113: 1111: 1108: 1106: 1103: 1101: 1098: 1096: 1093: 1091: 1088: 1086: 1083: 1081: 1078: 1076: 1073: 1071: 1068: 1066: 1065:First Chicago 1063: 1061: 1058: 1056: 1053: 1051: 1048: 1046: 1045:Chemical Bank 1043: 1041: 1038: 1036: 1035:CenTrust Bank 1033: 1031: 1028: 1026: 1023: 1021: 1018: 1016: 1013: 1010: 1008: 1005: 1003: 1000: 999: 997: 991: 985: 982: 980: 977: 974: 972: 969: 967: 966:Laban Jackson 964: 962:Timothy Flynn 961: 959: 956: 954: 951: 949: 946: 944: 941: 939:Linda Bammann 938: 937: 935: 933: 927: 917: 914: 912:Matthew Zames 911: 909: 906: 904: 901: 899: 896: 894: 891: 889: 886: 884: 881: 879: 876: 874: 871: 869: 866: 864: 861: 859: 858:John B. McCoy 856: 854: 851: 849: 846: 844: 841: 839: 836: 834: 831: 829: 826: 824: 821: 820: 818: 814: 808: 805: 803: 802:Marianne Lake 800: 797: 794: 792: 789: 786: 783: 782: 780: 776: 773: 767: 762: 752: 749: 747: 744: 742: 739: 736: 733: 731: 728: 726: 723: 721: 718: 716: 713: 712: 710: 706: 702: 695: 690: 688: 683: 681: 676: 675: 672: 666: 663: 662: 641: 633: 616: 608: 606: 588: 580: 564: 560: 554: 552: 534: 526: 510: 506: 500: 498: 481: 477: 470: 468: 460: 456: 450: 435: 431: 425: 410: 406: 400: 386:on 2013-10-27 385: 381: 375: 360: 356: 350: 336: 332: 326: 322: 312: 311:Brooke Harlow 309: 308: 297: 294: 293: 289: 286: 285: 281: 278: 277: 273: 270: 269: 263: 260: 259: 249: 247: 246:Arminio Fraga 241: 239: 234: 230: 225: 215: 214: 209: 206: 203: 201: 196: 194: 190: 186: 182: 172: 170: 166: 162: 158: 154: 145: 137: 133: 129: 123: 120: 117: 113: 109: 107: 103: 100: 99:United States 96: 92: 89: 85: 82: 78: 75: 71: 67: 63: 60: 57: 53: 50: 47: 43: 39: 34: 19: 1663:Fixed income 1539:Global macro 1481:Event-driven 1367: 1355: 1343: 1316:McCoy Center 1296:Chater House 1236:Chase Center 1030:Bear Stearns 975:Michael Neal 916:Steven Black 740: 645:. Retrieved 632: 620:. Retrieved 592:. Retrieved 579: 567:. Retrieved 562: 538:. Retrieved 525: 513:. Retrieved 508: 484:. Retrieved 479: 458: 449: 438:. Retrieved 434:the original 424: 413:. Retrieved 409:the original 399: 388:. Retrieved 384:the original 374: 363:. Retrieved 361:. 2019-07-09 358: 349: 338:. Retrieved 334: 325: 242: 221: 210: 207: 204: 197: 178: 165:Henry Swieca 152: 151: 87:Headquarters 81:Henry Swieca 45:Company type 1941:Hedge funds 1890:Hedge funds 1653:Derivatives 1648:Commodities 1603:Day trading 1513:Directional 1412:Hedge funds 1369:Wikiversity 1241:Chase Field 1145:Ord Minnett 993:Historical 958:Jamie Dimon 953:James Crown 943:Steve Burke 807:Jing Ulrich 785:Jamie Dimon 715:Beacon Rail 264:AUM in Bil. 229:Glenn Dubin 218:Investments 191:. In 2004, 161:Glenn Dubin 142:.highbridge 77:Glenn Dubin 1925:Categories 1845:Governance 1419:Investment 995:components 948:Todd Combs 878:Jes Staley 771:executives 720:Chase Bank 440:2013-09-09 415:2016-05-22 390:2013-09-09 365:2020-04-01 340:2020-04-01 318:References 59:Hedge fund 49:Subsidiary 1779:Investors 1429:Arbitrage 1194:Buildings 1150:Providian 1070:First USA 932:directors 930:Board of 708:Divisions 647:30 August 594:30 August 569:29 August 540:29 August 515:29 August 486:29 August 1421:strategy 1345:Category 1020:Bank One 769:Notable 725:Chase UK 305:See also 187:and the 73:Founders 55:Industry 1641:Markets 1632:Related 1591:Trading 1357:Commons 778:current 175:History 135:Website 65:Founded 1713:Greeks 1658:Equity 816:former 622:17 May 266:USD$ 200:London 1756:Short 1746:Hedge 1727:alpha 1634:terms 1558:Other 787:(CEO) 189:Bronx 115:Owner 1731:beta 1687:Misc 649:2019 624:2019 596:2019 571:2019 542:2019 517:2019 488:2019 295:2011 287:2008 279:2007 271:2006 261:Year 163:and 144:.com 68:1992 298:27 282:11 274:14 140:www 130:300 106:AUM 1927:: 1733:/ 1729:/ 1715:: 1567:/ 1527:/ 1459:/ 604:^ 561:. 550:^ 507:. 496:^ 478:. 466:^ 357:. 333:. 290:4 231:, 97:, 1737:) 1725:( 1719:) 1711:( 1431:/ 1404:e 1397:t 1390:v 693:e 686:t 679:v 651:. 626:. 598:. 573:. 544:. 519:. 490:. 443:. 418:. 393:. 368:. 343:. 20:)

Index

Highbridge Capital
Highbridge Capital Management
Subsidiary
Hedge fund
Glenn Dubin
Henry Swieca
277 Park Avenue
New York, New York
United States
AUM
JPMorgan Chase
www.highbridge.com
alternative investment
Glenn Dubin
Henry Swieca
JPMorgan Chase
19th-century aqueduct
Washington Heights
Bronx
J.P. Morgan Asset Management
London
"JPMorgan to convert Highbridge multi-strategy fund into credit fund"
Louis Dreyfus Company
Glenn Dubin
Paul Tudor Jones
Castleton Commodities International, LLC
Arminio Fraga
Brooke Harlow
"Hedge Funds - J.P. Morgan Institutional Asset Management"
"JPMAM to lay off 52 in restructuring of Highbridge hedge fund"

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