|Highbridge Capital Management is refocusing its Asian investment efforts away from equities and towards high-yield credit, convertible bonds and volatility strategies. As part of the shift, the firm has elevated Arjun Menon from co-chief to the sole head of the firm’s Asian investment operations. As part of the strategy shift, Shyan Wen Lim, the former joint head of Highbridge Capital’s Asian investment team, as well as other members of the firm’s equities investment team have been laid off, according to the Wall Street Journal.|
Highbridge Capital Management closed down its $1.4 BN equities and convertible bonds focused Asian hedge fund earlier this year, following the departure of the Carl Huttenlocher, who had previously headed up the firm’s Asia focused investment team. Mr. Huttlocher launched his own firm, Myriad Asset Management, earlier this month with $300 million in assets under management.