Highbridge's Islam Returns To Third Point

May 19 2011 | 1:39pm ET

Third Point has welcomed back a former star fund manager who left the $7.2 billion firm three years ago.

Munib Islam has been named head of equities research at the New York-based firm, which recently closed to all new investments. Islam left Third Point amidst the financial crisis in 2008 to join Highbridge Capital Management.

But Islam, who served as head of European equities at the JPMorgan Chase hedge fund unit, left in March, one of several high-profile departures. At Highbridge, Islam managed about US$100 million.

In his new post, Islam is among the most senior employees of Third Point, which is led by Daniel Loeb, the Financial Times reports.

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