JPMorgan to Acquire the Rest of Highbridge Capital
| June 11th, 2009 | ||
| Highbridge Capital Management announced today that its founders had agreed to sell their remaining stakes in the hedge fund manager to JPMorgan Chase (JPM). JPMorgan has been a majority owner of the $20 billion firm since 2004. According to an article from the New York Times DealBook, the acquisition will be completed as of July 1st. Highbridge Capital Management is a New York-based, multi-strategy hedge fund manager founded in 1992 by Henry Swieca and Glenn Dubin. Mr. Swieca is expected to leave at the Highbridge at end of this year, while Mr. Dubin will continue to serve as the firm’s CEO. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Highbridge Capital Management |
Related People: Glenn Dubin;
Related Entities: Highbridge Capital LP;
Related Article Tags: Investment Management, Fund Manager and General Financial News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions; Hedge Fund Jobs, Hirings and Firings
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