Highbridge Multi-Strategy Fund To Unwind Portfolio Over Credit Focus

(Alliance News) - Highbridge Multi-Strategy Fund Ltd on Monday noted its manager Highbridge ...

Alliance News 17 June, 2019 | 6:21PM
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(Alliance News) - Highbridge Multi-Strategy Fund Ltd on Monday noted its manager Highbridge Capital Management LLC's announcement that the latter would focus solely on credit strategies, including the Tactical Credit Fund.

The fund manager said that investors have three options for their existing Multi-Strategy Fund Investment: first is to transfer the entire investment into the Tactical Credit Fund; request a full return; or transfer a part of the holding to the Tactical Credit Fund and request a return on the remaining investment in Highbridge Multi-Strategy.

Highbridge said that it will work to unwind the fund's portfolio in an orderly fashion, and expects to return the majority of capital to shareholders at around the end of the third quarter of 2019.

"As we refocus Highbridge around our credit platform, we understand that this is a change for you as investors and for us as a firm. However, we are confident that this is the best path forward and we are fully focused and committed to ensuring a seamless transition," Highbridge Capital Management said in a statement.

Shares in Highbridge Multi Strategy closed 0.5% lower at 216.00 pence on Monday.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Highbridge Multi-Strategy Fund GBP 209.50 GBX 0.72 -
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