Asset Management, Highbridge, U.S. Convertible Bond Trader

About Highbridge Capital Management

Highbridge Capital Management, LLC, founded in 1992, is a global alternative asset management firm. Over the years, it has developed a diversified investment platform that includes hedge funds, co-investment vehicles, and committed, closed-end vehicles designed for longer-term holding periods.

Today, Highbridge distinguishes itself as a credit, relative value and volatility-focused franchise, with the flexibility to invest opportunistically across the capital structure and liquidity spectrum. Currently managing over $4 billion in capital, the firm strives to generate attractive risk-adjusted returns for a financially sophisticated clientele, including institutional investors, public and corporate pension plans, sovereign wealth funds, endowments, foundations, and family offices. Headquartered in New York, Highbridge also operates an office in London.

Highbridge Capital Management is seeking a Vice President as an experienced convertible bond trader to focus on the U.S. markets and to collaborate closely with the Head of U.S. Credit & Convertible Trading. This role involves a thorough understanding of convertible bond valuations and general trade execution protocols. The Vice President will need to adopt Highbridge’s systematic investment approach and help manage positions accordingly. This role will entail the daily oversight of existing investment positions and evaluating new opportunities, as well as developing and managing relationships with sell-side sales and trading desks. In addition, this individual will manage the U.S. convertible bond syndicate process.

Job Responsibilities:

This Vice President will play an important role in management and execution of Highbridge’s high-credit quality U.S. convertible bond portfolio. Key responsibilities will include, but not be limited to, the following:

• Execute trades and manage the firm’s portfolio of high-credit quality (i.e., volatility sensitive), hedged convertible debt exposures.
• Adjust equity, credit, and interest rate hedges dynamically at the position level to generate returns and optimize risk management.
• Oversee corporate actions to ensure effective execution and compliance.
• Monitor news events and specific risks associated with each position, providing timely communication to relevant stakeholders.
• Leverage Highbridge’s investment tools to identify new investment opportunities. 
• Evaluate the theoretical valuation and relative value of the firm’s holdings in relation to the broader market.
• Collaborate with the Heads of U.S. Credit & Convertible Trading and Research to inform and support daily investment decisions.
• Foster relationships with sell-side sales and trading desks to enhance execution, liquidity, and allocations, as well as identify new investment ideas.
• Coordinate with Highbridge’s Risk, Middle Office, and Pricing teams to ensure accurate position reporting and maintain data integrity.

Required Qualifications, Capabilities and Skills:

• Experience:  5 to 10 years of trading convertible securities
• Education: A degree in Finance, Economics, Engineering, Mathematics, Computer Science, or a related quantitative field.
• Strong Intellectual Capacity: Must possess a comprehensive understanding of trading, investing, and capital markets, with the ability to comprehend complex securities and investment strategies.
• Financial Acumen: Strong understanding of security valuation and financial markets.
• Organizational Skills: Excellent organizational abilities to effectively manage multiple tasks.
• Documentation Analysis: Familiarity with reviewing debt documentation (such as indentures), particularly regarding conversion mechanics.
• Outstanding Quantitative and Analytical Abilities: Demonstrated proficiency in quantitative analysis and problem-solving.
• Meticulous Attention to Detail: A commitment to precision and adherence to disciplined processes is essential.
• Effective Communication Skills: Strong verbal and written communication abilities to engage effectively with internal and external stakeholders.
• Collaborative and Adaptable Team Player: Excels in a dynamic, global team environment and embraces collaboration.
• Entrepreneurial Mindset: Brings energy, intellectual curiosity, and a strong dedication to driving results.

Preferred Qualifications, Capabilities and Skills:

• Experience: Listed equity option knowledge a plus.