Highbridge Co-Founder To Turn Hedge Fund Into Family Office

Dec 15 2011 | 2:16pm ET

Another blue-chip hedge fund manager is giving up outside capital to avoid having to register with U.S. regulators.

Henry Swieca will return all of the outside capital to his Talpion Fund Management. Client money accounts for only about one-fifth of Talpion's $500 million in assets under management, Bloomberg News reports.

Swieca, the co-founder of Highbridge Capital Management, follows George Soros into the family office business. Hedge funds will be required to register with the Securities and Exchange Commission by March.

Talpion has not yet informed all investors about its plans. The firm has been managing outside capital since April of 2010, and formally launched the fund earlier this year. Swieca plans to continue managing the long/short equity fund with his own and family money.

He also plans to begin seeding Talpion managers' own hedge fund plans.

Swieca left Highbridge, now owned by JPMorgan Chase, in 2009.


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