Highbridge Capital Management has announced that it has promoted Todd Builione to be President. Mr. Builione will also retain his role as the firm’s Chief Operating Officer, a position he has held since 2009. Builione first joined Highbridge Capital in 2005 as the multi-strategy hedge fund firm’s first Head of Corporate Strategy.
According to statement from the company, “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.”
Highbridge Capital Management’s co-founder Chairman and Chief Executive Officer Glenn Dubin commented on the appointment: “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,” “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.”
Prior to Highbridge Capital, Builione was at Goldman Sachs in the investment bank’s Financial Institutions Group, where he focused on asset management firms.
Highbridge Capital Management, which was founded in 1992, became a wholly-owned subsidiary of J.P. Morgan (JPM) in July of 2009. The diversified hedge fund management platform now has approximately $25 billion in assets under management.
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