Huttenlocher, Former Highbridge Asia Manager, Readies New Hedge Fund For Launch

Jul 29 2011 | 11:56am ET

Highbridge Capital Management's former Asia chief has hired a chief operating officer for his new hedge fund, which will debut later this year.

Carl Huttenlocher will launch his Hong Kong-based Myriad in September, employing the same strategy he used to such great effect at Highbridge's US$1.4 billion Asia Opportunities Fund. In preparation for the launch, Myriad has hired Scott Gaynor as its chief operating officer.

Gaynor joins the firm from Morgan Stanley. Huttenlocher is barred from poaching any of his former team at Highbridge.

Myriad is expected to begin trading with about US$300 million, Reuters reports. The new fund will open to outside investors early next year, when it's expected to increase its assets under management to well in excess of US$1 billion. Many of those investing in Myriad are likely to be former clients of Huttenlocher's at Highbridge; his fund was liquidated after he announced his plans to quit in February.

Before joining Highbridge, Huttenlocher worked at Long-Term Capital Management and Citadel Investment Group.

Myriad will be only the latest huge Asian hedge fund launch this year, following the US$1 billion debut of former Goldman Sachs proprietary trading chief Morgan Sze's Azentus Capital in April and the planned US$1 billion launch of former DKR Oasis manager Seth Fischer's new venture later this summer.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note