Video: Highbridge Capital CEO Glenn Dubin interviewed from the Skybridge Alternatives Conference; Emphasis on derisking
May 19th, 2010 | 4:42 PM | by L. Winthorpe III |CNBC’s David Faber interviewed Highbridge Capital CEO Glenn Dubin from the Skybridge Alternatives (SALT) Conference. “We’re in a pretty defensive position” given the current market environment. They’re shrinking their balance sheet, and reducing exposures.
With the big beta moves over the past 2 years, if he had been asked how 2010 would shape up, he would have said that it would have been a year of great alpha generation, which was the case for the first 4 months of the year. But with the sovereign debt crisis, now all bets are off.
He also talked about financial reform. While he agrees that reform is necessary he said “I respectfully disagree with parts of the Volcker rule.”
Tags: CNBC, David Faber, Derisking, Financial Reform, Glenn Dubin, Hedge Funds, Highbridge Capital, SALT Conference, Video, Volcker Rule
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