pre open, page-12

re: hcm Hi All,


JP Morgan (on behalf of) High Bridge Management bought a 10% ‘controlling/blocking’ interest in OmegaCorp. Fittingly, HCM is a hedge funds management group with assets worth up to $7billion. Below is their company profile;

About Highbridge Capital Management
Founded in 1992 by Henry Swieca and Glenn Dubin, Highbridge Capital Management is a New York-based, $7 billion, multi-strategy hedge fund organization that employs approximately 160 people with offices in New York, London and Hong Kong. The fund operates with seven discrete strategy groups: global convertible arbitrage, event-driven equity arbitrage, statistical arbitrage, structured private investments, European special situations, long-short equity, and special opportunities.


Given that it’s a hedge fund and nothing to do with Denison – I think some further action could arise with OMC.

DYOR

Cheers
D