02/03/2010

Swieca Scouting Talent for New Initiative

Highbridge Capital co-founder Henry Swieca, who left the hedge fund giant at yearend, is looking to hire a slew of market pros for his newly opened family office.

Swieca, who formed Highbridge in 1992 with Glenn Dubin, set up Swieca Holdings in New York to manage his own money. In addition to traders and analysts, Swieca is looking for a chief financial officer - suggesting to some market players that he eventually wants to expand beyond a family office.

For starters, Swieca hired a team of event-driven specialists from New York-based One East Partners: brothers Nathaniel Storch and Thomas Storch, along with Michael McNamara and Michael Goldberg.

Highbridge, with $21 billion under management, is wholly owned by J.P. Morgan. When the bank bought a controlling stake in the firm in 2004, Swieca and Dubin agreed to stay on for at least five years. Dubin has no plans to leave Highbridge. He and Swieca also run a fund-of-funds business called Corbin Capital.

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