Highbridge Capital Management

Founded in 1992 by Glenn Dubin and Henry Swieca with 35 million dollars in capital, Highbridge Capital Management has evolved from a boutique investment firm into a significant alternative asset manager. The firm is named after the 19th-century aqueduct connecting Washington Heights and the Bronx. In 2004, JPMorgan Chase purchased a majority interest in the firm, eventually acquiring substantially all remaining shares in 2009.

The firm historically operated as a multi-strategy hedge fund but underwent a significant restructuring in 2019 to focus primarily on credit-focused strategies. This transition involved the closure of its multi-strategy fund and a reduction in headcount. Highbridge has maintained a global presence with primary offices in New York and London, and it previously expanded its footprint into South America through a majority interest in Brazil-based Gavea Investimentos.

Throughout its history, Highbridge has been active in both public and private markets, including a notable joint venture in the energy sector with Louis Dreyfus Company. While the firm sold its private equity business in the mid-2010s, it remains a key component of JPMorgan's global alternatives division, managing several billion dollars in assets with a specialized focus on credit markets and alternative investment solutions.