Highbridge Funds Fall Double-Digits In Oct.

Highbridge Capital Management, the giant JPMorgan Chase-owned hedge fund, is not having a good year.

At least three of the firm’s funds posted double-digit losses during a disastrous October, according to e-mails to investors obtained by Wall Street blog Dealbreaker.com. The firm’s Convertible Arbitrage Fund plummeted 23.75% last month, leaving it down 37.33% on the year.