Ex-Highbridge Event-Driven Team Moves To Ionic

Sep 22 2011 | 2:02am ET

A former Highbridge Capital Management portfolio manager has joined a hedge fund founded by other veterans of the hedge fund giant.

Jason Esralew will launch an event-driven fund at New York-based Ionic Capital Management. Ionic, which has $2 billion in assets under management, was founded by former Highbridge managers Bart Baum and Dan Stone, and former Highbridge executive Adam Radosti, in 2006.

Esralew, who brings his four-member team from Highbridge to Ionic, will begin marketing the fund this month. The new vehicle is slated to launch early next year, Hedge Fund Alert reports.

At Highbridge, Esralew managed in excess of $1 billion, losing 2% last year and 7% in 2008 but soaring 32% in 2009. He and his team were laid off in January due to the overlap between his strategy and those of Highbridge's other teams.

Esralew's team at Ionic includes Christopher Chan, David Key and Tim Kelly.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of