Hedge Funds People Moves

Highbridge cuts execs, including two PMs, in tough year


The layoffs come at a difficult time for the firm’s long/short equity fund, which is down double digits.


 Highbridge CEO Glenn Dubin
 Photo: Bloomberg

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,