Thursday, 2 October 2014
Last updated 14 hours ago
Mar 15 2012 | 2:42am ET
It hasn't taken Carl Huttenlocher long to make his new hedge fund nearly as large as his old one.
The former Highbridge Capital Management Asia head has raised US$900 million for his Myriad Asset Management, Bloomberg News reports. The Hong Kong-based hedge fund launched at the beginning of December with US$340 million.
Huttenlocher has previously said he hopes to raise US$2 billion for Myriad before closing it to new investment by the middle of the year.
Myriad Opportunities Master Fund returned about 3% in its first three months.
Huttenlocher managed US$1.4 billion at Highbridge. That firm liquidated his Asia Opportunities Fund after Huttenlocher resigned last March.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...