Highfields Capital Management

Richard Grubman and Jonathon Jacobson met at an investment lunch in New York City in the early ‘90s and started a friendship. In 1998, they opened Highfields Capital Management LP together in Boston, Massachusetts. Highfields has invested in publicly traded equities and private companies like Harry & David, Michaels, Genworth Financial, Microsoft and SLM Corporation; and other investments including reinsurance sidecars. Grubman and Jacobson gained attention and a large payoff when they bet against Enron before the 2001 bankruptcy. In February 2012, Highfields called for management change at CoreLogic, in which it had a 7.65% stake. In October of 2018, Highfields announced in a letter that they would return all outside capital and would convert into a family office. In a third quarter letter to investors, Jacobson wrote, “Done correctly, money management is an all-consuming, 24/7 pursuit… After three-and-a-half decades of sitting in front of a screen, I realized I am ready for a change." Over the 20 years between 1998 and 2018, Highfields only lost money in two years: 2002 and 2008. ==Senior management==

Richard Grubman and Jonathon Jacobson co-founded Highfields Capital Management LP in 1998. Grubman retired in August 2010; Jacobson remains a principal of the firm. Jacobson is an undergraduate alumnus of Wharton School in finance and has an MBA from Harvard Business School. After working as an options trader and at Merrill Lynch and Lehman Brothers, he joined Harvard Management Company in 1990. In 1998 Jacobson left HMC to co-found Highfields with a third of the fund's initial $1.5 billion under management coming from HMC. ==References==