Hedge Fund News From HedgeCo.Net

Highbridge Said to Seek $250 Million for New Asia Hedge Fund

Bloomberg – Highbridge Capital Management LLC, the JPMorgan Chase & Co. unit that manages about $31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund.

Highbridge plans to raise about $250 million for the Pan Asia Multistrategy fund when it opens to investors in early 2014, said two people with knowledge of the matter, asking not to be identified because the information is private. The fund is led by 32-year-old Asia head Arjun Menon, who is based in Hong Kong, according to a document seen by Bloomberg News. Queenie Tsao, a spokeswoman for Highbridge at RLM Finsbury Ltd. in the city, declined to comment on the plan, citing legal restrictions.

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