Highbridge Hires Two Fund Managers From ICG

Hedge fund firm Highbridge Capital has hired two credit fund managers from asset manager Intermediate Capital Group, according to a person familiar with the matter.

Highbridge, which is owned by J.P. Morgan Chase & Co., hired Nick Strong and Simon Peatfield from ICG to launch a new collateralized loan business investing in European corporate loans and bonds.

ICG declined to comment.

Mr. Strong and Mr. Peatfield will join later this year and will sit within Highbridge's Principal Strategies unit, which runs around $24 billion in assets and invests in private equity, leveraged loans and structured credit.

Mr. Peatfield, who is a director and portfolio manager at ICG, didn't respond to a request for comment on website LinkedIn. Mr. Strong, a portfolio manager in the credit fund management team, couldn't be reached for comment.

Write to Laurence Fletcher at [e-mail]

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