-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NloFWydG3l10jvOyO2H9shJKOfjhV1OTPPEQMsHHWzDdJRZyb27uzv2WgbZpFq7e crlz7KTC22H9pzCW8H2Sxg== 0001193125-10-012941.txt : 20100126 0001193125-10-012941.hdr.sgml : 20100126 20100126151038 ACCESSION NUMBER: 0001193125-10-012941 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100126 DATE AS OF CHANGE: 20100126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HIGHBURY FINANCIAL INC CENTRAL INDEX KEY: 0001335249 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 203187008 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81379 FILM NUMBER: 10547496 BUSINESS ADDRESS: STREET 1: 999 EIGHTEENTH STREET STREET 2: SUITE 3000 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 303-893-2899 MAIL ADDRESS: STREET 1: 999 EIGHTEENTH STREET STREET 2: SUITE 3000 CITY: DENVER STATE: CO ZIP: 80202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TALON ASSET MANAGEMENT, LLC CENTRAL INDEX KEY: 0001007614 IRS NUMBER: 203708262 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 N FRANKLIN STREET 2: SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3124225400 MAIL ADDRESS: STREET 1: 1 N FRANKLIN SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: TALON ASSET MANAGEMENT INC DATE OF NAME CHANGE: 19960212 SC 13G/A 1 dsc13ga.txt HIGHBURY FINANCIAL INC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 )* --- Highbury Financial Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 42982Y109 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2009 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 10 pages CUSIP No. 42982Y109 13G Page 2 of 10 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Talon Opportunity Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] Not Applicable (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ---------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,273,837 OWNED BY ---------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ---------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,273,837 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,273,837 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- CUSIP No. 42982Y109 13G Page 3 of 10 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Talon Opportunity Managers, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] Not Applicable (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ---------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,273,837 OWNED BY ---------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ---------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,273,837 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,273,837 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- CUSIP No. 42982Y109 13G Page 4 of 10 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Talon Asset Management, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] Not Applicable (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER None ---------------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,287,837 OWNED BY ---------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH None ---------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,287,837 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,287,837 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- Item 1(a) Name of Issuer: Highbury Financial Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: 999 Eighteenth Street, Suite 3000 Denver, Colorado 80202 Item 2(a) Name of Person Filing: Talon Opportunity Partners L.P. ("TOP") Talon Opportunity Managers, L.L.C., the general partner of TOP ("TOM") Talon Asset Management, LLC, the manager of TOM ("TAM") Item 2(b) Address of Principal Business Office: TOP, TOM and TAM are all located at: One North Franklin Street, Suite 900 Chicago, Illinois 60606 Item 2(c) Citizenship: TOP is a Delaware limited partnership; TOM and TAM are Delaware limited liability companies. Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 42982Y109 Item 3 Type of Person: (e) TAM is an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); TAM is the manager of TOM, and TOM is the general partner of TOP. Page 5 of 10 pages Item 4 Ownership (at December 31, 2009): (a) Amount owned "beneficially" within the meaning of rule 13d-3: 1,287,837 shares common stock (b) Percent of class: 8.6% (based on 15,039,244 shares of common stock outstanding, as reported in the Issuer's Form 10-Q filed November 16, 2009) (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: none (ii) shared power to vote or to direct the vote: 1,287,837 (iii) sole power to dispose or to direct the disposition of: none (iv) shared power to dispose or to direct disposition of: 1,287,837 Item 5 Ownership of Five Percent or Less of a Class: Not Applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person: As reported herein, Talon Asset Management, LLC, as manager of Talon Opportunity Managers, L.L.C., the general partner of Talon Opportunity Partners, L.P., holds 1,287,837 shares, which include 1,273,837 shares on behalf of Talon Opportunity Partners, L.P., and 14,000 shares on behalf of a managed account client of Talon Asset Management, LLC. From time to time, Talon Opportunity Partners, L.P. may make distributions of partnership income to limited partners, none of which has an interest relating to more than 5% of the class. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable Item 8 Identification and Classification of Members of the Group: Not Applicable Item 9 Notice of Dissolution of Group: Not Applicable Page 6 of 10 pages Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 7 of 10 pages Signature --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 26, 2010 The undersigned, on the date above written, agrees and consents to the joint filing on its behalf of this Schedule 13G in connection with its beneficial ownership of the security reported herein. TALON ASSET MANAGEMENT, LLC /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer TALON OPPORTUNITY PARTNERS, L.P. By: Talon Opportunity Managers, L.L.C. Its General Partner By: Talon Asset Management, LLC Its Manager /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer, Talon Asset Management, LLC, as Manager of Talon Opportunity Managers, LLC TALON OPPORTUNITY MANAGERS, L.L.C. By: Talon Asset Management, LLC Its Manager /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer, Talon Asset Management, LLC, as Manager of Talon Opportunity Managers, LLC, as General Partner of Talon Opportunity Partners, L.P. Page 8 of 10 pages Exhibit Index ------------- Exhibit 1 Joint Filing Agreement dated as of January 26, 2010 by and among Talon Asset Management LLC, Talon Opportunity Managers, L.L.C. and Talon Opportunity Partners, L.P. Page 9 of 10 pages EXHIBIT 1 JOINT FILING AGREEMENT The undersigned hereby agree to the joint filing of the Schedule 13G to which this Agreement is attached. Dated: January 26, 2010 TALON ASSET MANAGEMENT, LLC /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer TALON OPPORTUNITY PARTNERS, L.P. By: Talon Opportunity Managers, L.L.C. Its General Partner By: Talon Asset Management, LLC Its Manager /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer, Talon Asset Management, LLC, as Manager of Talon Opportunity Managers, LLC TALON OPPORTUNITY MANAGERS, L.L.C. By: Talon Asset Management, LLC Its Manager /s/ William Wolf --------------------------------------------- Signature Name: William Wolf Title: Chief Operating Officer, Talon Asset Management, LLC, as Manager of Talon Opportunity Managers, LLC, as General Partner of Talon Opportunity Partners, L.P. Page 10 of 10 pages -----END PRIVACY-ENHANCED MESSAGE-----