Highbridge Capital Management has hired former Fidelity portfolio manager William Eigen as the firm's new managing director and senior portfolio manager.
Eigen will be responsible for managing fixed income and absolute return products for the firm. Previously, he managed approximately USD 10 billion across a number of Fidelity mutual funds and institutional products including the Fidelity Strategic Income Fund.
"The combination of Highbridge's risk management and absolute return capabilities, JPMorgan's distribution and experience in traditional fixed income, and Bill's portfolio management expertise will enable us to develop investment products that bridge the gap between traditional and alternative asset management," said Henry Swieca, Co-Chief Executive Officer of Highbridge Capital Management. "He brings a wealth of experience, a terrific long-term track record and a proven ability to attract and retain assets. We are looking forward to working with Bill as we develop our product offerings,"
Robert Caruso, Managing Partner and Chief Operating Officer, Highbridge Capital Management, added: "Highbridge's Fixed Income Group is in a great position to capitalize on the convergence of traditional and alternative asset management through the combined strengths of Highbridge and JPMorgan. The addition of Bill will further enable us to address the investment needs of our institutional clients and develop investment products that we believe will be successful in delivering superior risk adjusted returns in varying interest rate environments."
Commenting on his new role, Eigen said: "I am excited about joining Highbridge, The reputation of the firm, its entrepreneurial culture and partnership with JPMorgan will allow me to use the full range of my investment experience to the benefit of our clients."
Before joining Fidelity in 1994, Eigen was a pension investment consultant at CIGNA. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the Bond Analysts Society of Boston and serves on the Board of Directors for the Boston Security Analysts Society. Eigen graduated cum laude from the University of Rhode Island.
Background notes: Founded in 1992 by Glenn Dubin and Henry Swieca, Highbridge Capital Management is a New York-based, USD 8 billion, multi-strategy hedge fund organisation, which employs approximately 160 people with offices in New York, London, Hong Kong and Boston. In December 2004, JPMorgan Asset Management formed a strategic partnership with Highbridge Capital Management.