Another Highbridge Capital Management portfolio manager has left the firm. Munib Islam, a European equities manager, resigned from the hedge fund giant yesterday.
Islam's exit follows that of Carl Huttenlocher, who led Highbridge's Asia operations. Huttenlocher plans to launch a hedge fund of his own; Islam's plans are not clear.
At Highbridge, Islam managed US$100 million from the firm's London office. His departure was first reported by Dealbreaker.com.
Highbridge's global head of equities, Alec McAree, will take over Islam's portfolio, Bloomberg News reports.