Henry Swieca, co-founder, managing member and CIO of Highbridge Capital Management, will leave the firm later this year after JPMorgan Asset Management completes its acquisition of the firm on July 1, said Mary Sedarat, a JPMorgan spokeswoman.
It was always in the works that Henry (Swieca) would leave the firm after the deal closes, Ms. Sedarat said.
Mr. Swieca could not be reached to comment on his plans. His duties have been assumed by a seven-person investment committee and he will not be replaced, Ms. Sedarat said.
Co-founder Glenn Dubin will remain as managing member and CEO, Ms. Sedarat said.
JPMorgan purchased a 55% majority share in Highbridge in December 2004 and owned about 77% at the end of 2008.
Terms of JPMorgans acquisition of the final ownership stake of Highbridge were not disclosed.
Highbridge manages $21 billion in hedge funds and funds of funds as well as traditional and private investment strategies.