Hedge Funds

Former Highbridge traders form Kingsbrook

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The firm is aiming to raise $500 million.

A trio of traders who ran Highbridge Capital Management’s structured investment group until March have co-founded New York-based hedge fund firm Kingsbrook Partners, where they are running the same strategy on their own. In early November, Adam Chill, Ari Storch and Scott Wallace launched the Kingsbrook Opportunities Master Fund, a long/short equity fund focused on global equity and equity-linked public securities in the micro to mid-cap range.

Storch, Kingsbrook’s chief executive officer and senior portfolio manager, was previously a senior portfolio manager and managing director at Highbridge. Chill, Kingsbrook’s president and a co-portfolio manager, was a managing director