Highbridge Capital Management

Highbridge Capital Management was founded in 1992 by Glenn Dubin and Henry Swieca with $35 million in capital. The firm is named after the 19th-century aqueduct connecting Washington Heights and the Bronx. In 2004, J.P. Morgan Asset Management acquired a 55% majority stake in the firm, eventually purchasing substantially all remaining shares in 2009.

Originally established as a multi-strategy hedge fund, the firm underwent a significant restructuring in 2019, transitioning its primary $2 billion multi-strategy fund into a credit-focused vehicle. Highbridge maintains a global presence with offices in New York and London, and historically expanded its reach through strategic acquisitions like the purchase of a majority interest in the Brazilian firm Gávea Investimentos in 2010.

Throughout its history, Highbridge has engaged in significant joint ventures, notably Louis Dreyfus Highbridge Energy (LDH Energy) in 2006. The firm eventually exited this energy-focused investment in 2012 when the unit was sold to a group of investors led by its co-founder, Glenn Dubin, and subsequently renamed Castleton Commodities International.