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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...