Highbridge President To KKR

Jul 12 2013 | 3:08am ET

A top Highbridge Capital Management executive is set to join Kohlberg Kravis Roberts.

Todd Builione, president of the JPMorgan Chase hedge fund unit, will help to build the private-equity giant's hedge fund business.

Builione's exit is not related to Highbridge CEO Glenn Dubin's decision to step down and hand the reins to former Goldman Sachs executive Scott Kapnick. While Builione had been seen as a potential successor to Dubin, he has been in talks with KKR for months, according to The Wall Street Journal.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...