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According to a report Huttenlocher’s Myriad Asset Management had been given the go ahead by the SFC and can start trading after its license was issued. Myriad initially planned to start operations in September but it was delayed after an unnamed complainant filed a petition before the SFC to review its application.

Huttenlocher announced in July his plan to launch Myriad Asset in September as capital-raising opportunities improve, giving more options to an increasing number of institutional investors to raise exposure to the region.

Myriad will commence trading with an estimated $300m in assets but is seen to expand its assets to more than $1bn early next year as external investors were said to have pledged their support to Huttenlocher’s new fund.

Sources close to Huttenlocher said that many of his former clients have signified their intention to allocate to Myriad Asset which will be using a similar investment strategy he used in Highbridge. This early, Myriad Capital hired Scott Gaynor from Morgan Stanley to be its chief operating officer.

Huttenlocher used to head Highbridge's Asia-focused fund which manages up to $2bn in assets before his departure in March this year.
Precy Dumlao