Huttenlocher, Ex-Highbridge Asia Chief, Nets US$900M

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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...