Item 1.01. Entry into a Material Definitive Agreement.

On July 1, 2009, Highbury Financial Inc. ("Highbury") entered into a Warrant Repurchase Agreement (the "Agreement") with Sherleigh Associates Inc. Profit Sharing Plan. Pursuant to the Agreement, Highbury agreed to repurchase 2,804,200 warrants to purchase an aggregate of 2,804,200 common shares of Highbury (the "Warrants ") for an aggregate purchase price of $1,402,100, or $0.50 per Warrant. The closing of the repurchase of the Warrants occurred on July 2, 2009.

Item 9.01. Financial Statements and Exhibits

Exhibits Exhibit Description No. 99.1 Warrant Repurchase Agreement, dated as of July 1, 2009, by and among Highbury Financial Inc. and Sherleigh Associates Inc. Profit Sharing Plan.

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