Saturday, 29 August 2015
Last updated 19 hours ago
May 30 2014 | 12:27pm ET
Investors are rewarding former Highbridge Capital Management Asia chief Carl Huttenlocher for his double-digit gains last year.
Huttenlocher’s Myriad Asset Management is nearing US$3 billion in assets under management. The Hong Kong-based firm opened the year with US$2.4.
Most of the growth has been through inflows; its 20% return in 2013 notwithstanding, Myriad is essentially flat this year, Bloomberg News reports.
Myriad debuted two-and-a-half years ago with US$300 million. At the time, Huttenlocher said he would close the fund to new money when it grew to US$2 billion; according to Bloomberg, he is expected to restrict new capital soon.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…