Highbridge Veteran Adam Bernstein Exits to Start Hedge FundAdam Bernstein, a veteran Highbridge Capital Management LLC fund manager overseeing investment decisions, is leaving the firm with two colleagues so they can start their own hedge fund firm.
Adam Bernstein, a technology sector head who began working at Highbridge almost nine years ago, intends to depart by next month along with Mark Hoffman, Highbridge's global head of stock trading, who has worked there more than 10 years, the people said. An investment analyst plans to join them, the people said.
The men, who are based in New York, have described to colleagues their plans to launch a new technology- and media-focused hedge fund later this year, according to people briefed on recent discussions about the matter. Their plans haven't been made public or been announced broadly to Highbridge investors.
Mr. Bernstein, in response to an email inquiry Monday, directed questions to Highbridge, which is owned by J.P. Morgan Chase & Co. Mr. Hoffman didn't respond to an email Monday.Source: Wall Street Journal