Highfields Capital Management LP was founded by Jonathon S. Jacobson in 1998. Highfields was a value-oriented investment management firm which managed private investment funds for endowments, charitable and philanthropic foundations, pension funds, and other institutional and private investors. Highfields' funds were invested worldwide in public and private companies across a wide variety of industries and security types. The firm pursued a fundamental value investment approach as one team for one process in one office, located in Boston, Massachusetts.
Highfields announced in October 2018 that it would begin to wind down its funds. The liquidation of the funds was completed in 2021.