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.