HBK Capital of Texas Records Strong 2010

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.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.