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词条 Highfields Capital Management
释义

  1. Business

  2. Senior management

  3. References

  4. External links

{{ infobox company
| name = Highfields Capital Management LP |
| logo =
| foundation = {{start date and age|1998|6|15}}[1][2]
| location_city = Boston, Massachusetts[2]
| location_country = U.S.
| type = Limited Partnership
| industry = Hedge funds[2]
| area_served =
| aum = US$10,000,000,000 (2010)[5]
| num_employees =
| homepage = {{URL|www.highfieldscapital.com}}
| footnotes =
| intl =
}}

Highfields Capital Management LP is a hedge fund founded in 1998 which had assets in excess of $10 billion in 2011, per a report in Absolute Return + Alpha.

Business

In 2012, the company described itself as a "value-oriented investment management firm which manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors ... [with] over $11 Billion in net capital invested worldwide".[3]

In 2010, Highfields was listed as having $10 billion of assets on January 1, 2010 (30th in The Hedge Fund Journal Top 50), up from $9.3 billion on July 1, 2009 and up from a 38th-place ranking in 2008.[5]

Highfields has invested in publicly traded equities;[4] private companies like Harry & David,[5][6] Michaels (6.2%[7]) and Genworth Financial;[8] and other investments including reinsurance sidecars.[9] In February 2012, Highfields called for management change at CoreLogic,[10] in which it had a 7.65% stake.[15]

In October of 2018, Highfields announced in a letter that they were returning billions to their clients and converting into a family office.[11]

Senior management

Richard Grubman and Jonathon Jacobson were the founders and principals of Highfields.[12]

Grubman retired in August 2010.[13][14][15]

Jacobson is an undergraduate alumnus of Wharton School in finance and has an MBA from Harvard Business School.[15] After working as an options trader and at Merrill Lynch and Lehman Brothers, he joined Harvard Management Company in 1990. In 1998 Jacobson HMC left to co-found Highfields with a third of the fund's initial $1.5 billion under management coming from HMC.[15] Bloomberg reported in 2011 that HMC no longer invested with Highfields.[16]

References

1. ^{{cite web|url=http://whois.domaintools.com/highfieldscapital.com|title=HighfieldsCapital.com WHOIS, DNS, & Domain Info - DomainTools|work=WHOIS|date= |accessdate=2016-08-14}}
2. ^"Company Overview of Highfields Capital Management, LP", businessweek.com. Retrieved March 27, 2012.
3. ^[https://www.highfieldscapital.com/default.aspx Highfields Capital], the one non-customer company webpage. Retrieved 2012-03-27.
4. ^Williams, Kimberly, [https://www.bloomberg.com/news/2011-08-15/highfields-capital-mgmt-lp-holdings-in-2nd-quarter-13f-alert.html "Highfields Capital Mgmt LP Holdings in 2nd Quarter [(2011): 13F Alert"], Bloomberg, August 15, 2011. Retrieved 2012-03-27.
5. ^[https://dealbook.nytimes.com/2011/03/27/harry-david-to-file-for-bankruptcy/ "Harry & David Files for Bankruptcy"], New York Times, March 27, 2011.
6. ^Effinger, Anthony, [https://www.bloomberg.com/news/2011-10-12/wasserstein-haunts-harry-david-in-buyout-doomed-to-bankruptcy.html "Wasserstein Haunts Harry & David in Buyout Doomed to Bankruptcy"], Bloomberg Markets Magazine, October 12, 2011. Retrieved 2012-11-07.
7. ^Oran, Olivia, and Greg Roumeliotis, "Blackstone, Bain prepare Michaels Stores IPO", Reuters, March 27, 2012. Retrieved 2012-03-27.
8. ^"Highfields increases stake in Genworth Financial", AP Digital via Bloomberg, 06/28/2012. Via Sammy Pollack, "Genworth Leads S&P 500, What You Need To Know", Seeking Alpha, June 29, 2012. Retrieved 2012-07-03.
9. ^{{Cite news| url = https://www.moodys.com/research/Moodys-rates-Cyrus-Reinsurance-II-Ltds-proposed-bank-loans--PR_145073 |title=Moody's rates Cyrus Reinsurance II Ltd's proposed bank loans|publisher=Moody's Investors Service |date =November 27, 2007}}
10. ^"Highfields Calls for Ouster of CoreLogic's Management", New York Times, February 28, 2012. Retrieved 2012-11-07.
11. ^{{cite web|title=Hedge Fund Highfields Capital To Return Money to Clients|author=Juliet Chung |url=https://www.wsj.com/articles/hedge-fund-highfields-capital-to-return-money-to-clients-1538600788|website=The Wall Street Journal |date=October 3, 2018}}
12. ^McIntosh, Bill, ed., "The US50", The Hedge Fund Journal in association with Newedge Prime Brokerage Group. Retrieved 2012-03-27.
13. ^http://www.businessinsider.com/richard-grubman-retiring-2010-8
14. ^http://www.businessinsider.com/richard-grubman-ritz-carlton2010-4
15. ^"Highfields Capital Management", Hedge Fund Letters, n.d. Retrieved 2012-11-07.
16. ^Wee, Gillian, [https://www.bloomberg.com/news/2011-03-02/harvard-s-crimson-cubs-with-43-billion-dwarf-their-former-endowment-home.html "Harvard's Crimson Cubs With $43 Billion Dwarf Their Former Endowment Home"], Bloomberg, March 2, 2011. Retrieved 2012-11-07.

External links

  • [https://www.highfieldscapital.com/default.aspx Official website]
  • Highfields Capital Management's top stock picks
{{Hedge funds}}

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