Wednesday, 17 September 2014
Last updated 4 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.
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…
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