|Earlier in the week, we learned that Shyan Wen Lim, the former joint head of Highbridge Capital’s Asian investment team, had been laid off as part of the firm’s strategy shift away from equities. Yesterday we learned that the cuts are not isolated to the Highbridge Capital’s Hong Kong-based investment team as senior individuals from the firm’s New York office have also been let go also. According to AR Magazine, the firm sent three senior hedge fund managers and a number analysts walking this week.|
Highbridge Capital’s long/short equity hedge fund, which has $1.8 billion in assets under management, is reportedly down more than 12% year-to-date. Among the equity focused hedge fund managers that were let go were Jennifer Failla, Chris Storey and Don Kuzoian from Highbridge’s New York team as well as Toby Bartlett and Kenson Lau from Highbridge’s Hong Kong team.