Stat Arbs: Merchants of Volatility

Statistical arbitrageurs have demonstrated the ability to make money during tough times.


Like many hedge fund firms, Highbridge Capital Management had an absolutely miserable year in 2008. Its flagship Highbridge Capital Corp. multistrategy fund, which previously had experienced only one down year since Highbridge co-founders Glenn Dubin and Henry Swieca launched it in 1992, fell by more than 27 percent.

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