Highbridge Capital brings on former Fortress managing director

Jonathan Ashley joined Highbridge Capital Management's London office as a portfolio manager in the alternative investment manager's principal strategies unit.

Mr. Ashley's position is new, said a source with knowledge of Mr. Ashley's appointment who requested anonymity. He is on the investment team that manages Highbridge Capital's non-hedge fund strategies, including mezzanine debt, leveraged loans, credit and growth equity.

Mr. Ashley was a managing director on the London-based private equity team of Fortress Investment Group. Gordon Runte, a Fortress spokesman, could not be reached for comment about Mr. Ashley's replacement by press time.