Highbridge cuts execs, including two PMs, in tough year
By Rob Copeland
Tue Dec 13, 2011
The layoffs come at a difficult time for the firm’s long/short equity fund, which is down double digits.
With its $1.8 billion long/short equity fund down 12.6% this
year, $26.1 billion Highbridge Capital Management has let go of
three senior executives and at least three analysts and traders
in its New York and Hong Kong offices.
The dismissals were confirmed by two people familiar with
the firm who preferred to remain anonymous.
In New York, Highbridge let go portfolio manager Jennifer
Failla, who covered the retail sector for the long/short fund
and previously worked for Bear Stearns; Chris Storey, an
analyst covering financials, and Don Kuzoian, an analyst
covering technology. They...
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