Highbridge Hedge Fund Assets Fall

May 13 2014 | 12:15pm ET

JPMorgan Chase remains the second-largest hedge fund manager in the world. But its best-known hedge-fund unit, Highbridge Capital Management, isn’t helping.

Highbridge’s assets have dropped sharply since 2007, from $37 billion to $24.5 billion. Its hedge fund assets have fallen steadily since 2011, and now total just $12 billion—down from $36.7 billion in July 2007.

The firm’s flagship Multistrategy Fund’s performance has been uninspiring, as well: It hasn’t returned double-digits in the last four years, and has underperformed the Standard & Poor’s 500 Index in each of those years, CNBC reports.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note