Highbridge Veteran Adam Bernstein Exits to Start Hedge Fund
Adam 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