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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR