Radical changes in the model are partly designed to hold
onto staff writes Sarah Wood
When word surfaced recently that Highbridge/Zwirn Capital
Management was decamping from Highbridge Capital's 57th St.
headquarters to 13,000 square feet of space around the corner
this month, rumors circulated that the operation was spinning
out of Highbridge entirely.
But, while Highbridge won't be using the affiliate model
again, it appears that the joint venture had outgrown its
space. Furthermore, Highbridge co-founders Glenn Dubin and
Henry Zwieca are furiously at work on launching additional new
single-strategy funds, which will put further strain on the
These new products represent a striking change in business
model for the firm, which for years ran a single multi-strategy