Serge Adam joined Highbridge Principal Strategies as a managing director, confirmed David Millar, spokesman for Highbridge’s parent, Highbridge Capital Management.
It is a new position.
According to a Highbridge news release, Mr. Adam will share responsibility for managing the Highbridge Principal Strategies public credit business with Purnima Puri, a Highbridge Principal Strategies managing director.
“Serge’s experience managing complex hedged credit portfolios will be incredibly valuable as we take advantage of attractive opportunities in the credit markets, continue building out this side of our business and provide our clients with a broad range of investment solutions, Scott Kapnick, CEO of Highbridge Principal Strategies, said in the news release.
The news release said Mr. Adam previously worked 10 years at Sandell Asset Management, where he was most recently a senior managing director and portfolio manager for its credit business.
A call to Sandell about a replacement for Mr. Adam was not returned by press time.