Despite the fact that there’s been a slight hold up on the Einhorn/Mets deal, most recently supposedly thanks to JPMorgan, it seems likely to happen eventually, especially since Bud Selig has fond memories of Einhorn playing baseball in his backyard. Unfortunately, not every money manager grew up next door to Bud. For example, the baseball fans at Highbridge Capital Management. Continue reading »
Highbridge Capital
Munib Islam, Head of European equities, is rumored to have given notice. [Earlier]
Yesterday we reported that Highbridge’s Asia man, Carl Huttenlocher, would be leaving the firm, in a move that seems to have come as something a shock CEO Glen Dubin (and investors from whom Huttenlocher spent most of 2010 raising assets), who flew out to Hong Kong to let employees know that nothing is fucked (though the firm will be winding down the Asia equities portfolio). Today the Journal‘s Jenny Strasburg has more details on Carl’s plans for the future. Continue reading »
The staff was informed of the (involuntary) departures Thursday afternoon. Continue reading »
Apparently CTO Jonathan Zhukovsky will be leaving the firm (CFO Christopher Hayward will now take on both roles), “along with a handful of people from other departments.”
“The best course of action is to take risk off,” said Highbridge Capital’s Glenn Dubin at SkyBridge Capital’s hedge fund confab in Las Vegas. Dubin thinks there is a lot of risk in the market now, and Highbridge is reducing its balance sheet dramatically, moving to a defensive position.
“We are seeing massive de-risking and de-leveraging,” Dubin’s told CNBC’s David Faber. He also called Germany’s move to ban bearish bets on certain European debt and financial stocks “ill-advised.” As for the Volcker rule, which would affect the JPMorgan-owned Highbridge, Dubin said he disagreed with its premise because financial the business is not too big to fail and, therefore, not in jeopardy being bailed out by taxpayers.
Jes Staley, head of JPMorgan’s investment bank and possible successor to Jamie Dimon, at the Bloomberg Markets Global Hedge Fund and Investor Summit in New York yesterday. Continue reading »
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
