Item 8.01. Other Events.

On December 20, 2007, Highbury Financial Inc. ("Highbury") issued a press release attached hereto as Exhibit 99.1 announcing that its Board of Directors approved a Securities Repurchase Program authorizing the use of up to $5,000,000 to acquire shares of Highbury common stock, Highbury warrants or a combination thereof in the open market or in any private transaction, from time to time and in accordance with applicable laws, rules and regulations. As of December 15, 2007, Highbury had 9,527,000 shares of common stock and 15,820,000 warrants outstanding. The Securities Repurchase Program will be in effect until December 31, 2008 and may be suspended, from time to time and in accordance with applicable laws, rules and regulations, for business reasons or for other reasons.

Item 9.01. Financial Statements and Exhibits

Exhibits Exhibit No. Description 99.1 Press Release issued by Highbury dated December 20, 2007.

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