NEW YORK--(BUSINESS WIRE)--Highbridge Capital Management (“HCM”) announced today that Serge Adam has joined Highbridge Principal Strategies (“HPS”) as a Managing Director. Mr. Adam joins HPS after ten years at Sandell Asset Management, where he most recently was a senior managing director and portfolio manager for its credit business. Mr. Adam will share responsibility for managing the HPS public credit business with HPS Managing Director Purnima Puri.
“Serge is an exciting appointment to an already-strong team built by Purnima,” said Scott Kapnick, CEO of Highbridge Principal Strategies. “Serge’s experience managing complex hedged credit portfolios will be incredibly valuable as we take advantage of attractive opportunities in the credit markets, continue building out this side of our business and provide our clients with a broad range of investment solutions.”
Highbridge started its principal strategies business three years ago in order to provide its clients with a broader set of investment opportunities, strengthening the firm’s position as a global diversified alternative asset manager.
About Highbridge Principal Strategies
HCM established Highbridge Principal Strategies in 2007 as the Firm’s private equity and credit investment platform. HPS now manages over $7 billion of capital across several investment vehicles. Strategies include privately negotiated mezzanine debt, public credit, including loans and bonds, direct lending, and growth equity.
About Highbridge Capital Management
Highbridge Capital Management is an alternative asset management firm founded in 1992. The company has developed a diversified investment platform comprising hedge funds, traditional investment management products, and credit and equity investments with longer-term holding periods. Highbridge and its affiliates manage approximately $26 billion in capital for many of the world’s most prominent institutional investors, public and corporate pension funds, endowments, foundations, family offices and high net worth individuals. The Firm is based in New York with offices in London, Hong Kong, and Tokyo and employs more than 360 people, including 105 investment professionals.
In late 2004, J.P. Morgan Asset Management purchased a majority interest in Highbridge, creating one of the first and most significant strategic alliances in the hedge fund industry to-date. In July 2009, J. P. Morgan Asset Management completed its purchase of substantially all remaining shares of the Firm --- a transaction that remains at the vanguard of the institutionalization of the hedge fund industry.
Following the success of the Highbridge / J.P. Morgan strategic partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gávea Investimentos, one of Brazil’s leading alternative asset management firms. With headquarters in Rio de Janeiro and offices in São Paulo, Gávea brings approximately 120 employees to its partnership with Highbridge.