Reuters UK – Highbridge Capital Management, one of the world’s biggest hedge fund firms, saw its flagship fund rise 20.5 percent in the first half of the year, according to an investor letter, as performance in the industry rebounds.
Highbridge’s $7 billion (4 billion pound) multi-strategy fund returned 3.4 percent in June, the letter said, having last year fallen 25 percent and stopped clients from withdrawing all their cash.