NEW YORK--(BUSINESS WIRE)--Highbridge Capital Management, LLC (“Highbridge”), a global alternative investment management organization founded in 1992, today announced that Todd Builione, the firm’s Chief Operating Officer, has been named President and Chief Operating Officer. Mr. Builione joined Highbridge in 2005 as the firm’s first Head of Corporate Strategy and was promoted in 2009 to Chief Operating Officer.
As President and COO, Mr. Builione will continue to drive the development of new investment strategies and key strategic initiatives, serve as a face of the firm to its clients and counterparties, and lead Highbridge’s institutional quality organizational infrastructure. In addition to the role of President, a new position at Highbridge, Mr. Builione is a member of the Highbridge Board of Managers, the Executive Committee and the Hedge Fund Investment Committee, and he is the Chairman of the Operating Committee.
“Over the last six years, Todd has been a driving force in expanding Highbridge from a hedge fund-focused business to a diversified, modern alternative asset management firm,” said Glenn Dubin, Chairman and Chief Executive Officer of Highbridge. “I look forward to continuing to work closely with Todd for years to come as we provide best in class investment products to our global client base.”
“Todd is a very talented leader who has done a seamless job of managing the day-to-day risk, systems, and operations of Highbridge in the rigorous and disciplined manner that clients expect from J.P. Morgan, while also preserving Highbridge’s entrepreneurial and opportunistic culture,” said Mary Callahan Erdoes, Chief Executive Officer of J.P. Morgan Asset Management.
“It is an honor to be named President of Highbridge,” said Mr. Builione. “And it is a privilege to work with Glenn and Scott Kapnick, the Chief Executive Officer of our Principal Strategies business, as well as our world class portfolio managers and all of my colleagues at Highbridge and J.P. Morgan.”
Prior to joining Highbridge, Mr. Builione worked in the Financial Institutions Group at Goldman Sachs, where he provided financial and strategic advice to executives of financial services companies, with particular focus on investment management businesses. Mr. Builione serves on the Board of Directors of the Managed Funds Association and Harlem RBI. He is a member of the Advisory Council of Cornell University’s Dyson School of Applied Economics and Management and a member of the Harvard Law School Association. Mr. Builione earned his J.D., cum laude, from Harvard Law School and his B.S., summa cum laude, from Cornell University, where he was named a Merrill Presidential Scholar.
About Highbridge Capital Management
Highbridge Capital Management is an alternative investment management organization 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 $25 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 Hong Kong, London, and Tokyo and employs (with its affiliates) more than 475 people, including 135 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. 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 investment management firms. With headquarters in Rio de Janeiro and offices in São Paulo, Gávea brings to its partnership with Highbridge deep experience in investing in developed and emerging markets.