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.

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