Saturday, 28 November 2015
Last updated 22 hours ago
Jan 25 2011 | 8:39am ET
Dallas-based HBK Capital Management had a strong fourth quarter in 2010—its four multi-strategy funds gained 3.30%, bringing the year-to-date composite performance for the funds to 11.62%.
The firm, which has about $5 billion AUM, attributes its 2010 success to trades in corporate credit, structured credit and equity/futures (quantitative).
Q4 also saw the launch of a new fund, the HBK Quantitative Strategies Fund, with $165 million in capital. HBK told investors it had been close to a full allocation to statistical arbitrage in its Master Fund for a year and decided the time was right to launch a separate vehicle devoted to this strategy.
HBK plans to maintain its “defensive posture” going into 2011, taking advantage of periods of market stress to expand its portfolio. The firm attracted subscriptions worth $940 million in 2010 and January 2011.
HBK takes its name from the initials from its founder, Harlan B. Korenvaes, a former Merrill Lynch managing director who launched the firm with $30 million in 1991.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…