Highbridge Asia In Credit Turn As Stock Chief Out

Dec 7 2011 | 1:53am ET

Shyan Wen Lim, co-head of Highbridge Capital Management's Asia effort, has left the firm as it shifts its focus from stocks—Lim's specialty—to bonds.

Lim's departure on Monday leaves Arjun Menon in sole control of Highbridge's Asian business. Menon's focus is on high-yield credit, convertible bonds and volatility investments, Bloomberg News reports.

Menon and Lim have jointly led the hedge fund giant's Asia business since the departure in March of Carl Huttenlocher. At the time of Huttenlocher's exit, some 70% of Highbridge's Asian investments were in stocks; now, following the liquidation of Huttenlocher's $1.5 billion fund, Menon's strategy accounts for 70% of the firm's Asian investments.

Highbridge is set to hire three more credit specialists, including a fund manager who will serve as Menon's number two, a role Menon played for Huttenlocher and another sign of Highbridge's increasing focus on credit. The firm's high-ranking stock trader in Asia is now Richard Chu, who handles Asian industrials.

Both Menon and Chu have managed positive returns in their portfolios this year; Menon's is up about 9%.

Lim's exit was due to Highbridge's shift to credit in the region, according to Bloomberg. Nor was he alone: A few other Highbridge employees left the firm as it imposed changes on the way stock investments are made.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.