J.P. Morgan Asset Management’s Highbridge Capital Management announced its closing of the Highbridge Convertible Dislocation Fund with more than $2 billion in assets.
The asset amount includes approximately $685 million in equity commitments. The fund was raised in response to the convertible market dislocations that began in March and Highbridge is investing in relative value and event driven convertible instruments with a focus on North America and Western Europe.
Officials began investing for the fund in June and today are roughly 50% invested in a strategy they describe as being consistent with Highbridge . . .
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