Highbridge's Bernstein To Launch Tech-Media Hedge Fund

Mar 10 2014 | 12:54pm ET

Adam Bernstein, technology sector head and fund manager at Highbridge Capital Management, plans to launch a tech and media-focused hedge fund.

Bernstein has told the firm he plans to leave with two colleagues—Mark Hoffman, Highbridge's global head of stock trading, and an unnamed investment analyst, reports the Wall Street Journal, citing “people familiar with conversations about his plans.”

Bernstein has been at Highbridge for almost nine years and Hoffman for more than 10. As head of media, telecoms, leisure and internet, Bernstein was responsible for a portfolio of stocks that contributed largely to the 15% returns of Highbridge's long/short equities strategy in 2013, reports the WSJ.

Long/short equities represent both a standalone fund and a portion of Highbridge's flagship $4 billion multi-strategy fund. In total, Highbridge and its affiliates manage about $29 billion. Highbridge is owned by JP Morgan Chase.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...