Highbridge Capital Management is getting ready to launch an event-driven/relative value fund. The new fund has been a core strategy within the firm's $5 billion multi-strategy flagship fund, Highbridge Capital Corporation.
The $6 billion New York-based hedge fund organization, run by Glenn Dubin and Henry Swieca, is planning to launch the Highbridge Event-Driven Relative Value fund sometime in the first quarter of next year. It will look to profit from valuation dislocations caused by corporate events, including equity offerings, mergers, spin-offs and earnings announcements. Richard Schneider, who oversees a team of eight investment professionals, manages the strategy from the