Thursday, 29 January 2015
Last updated 58 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…