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

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note