Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hong Kong approves Carl Huttenlocher’s hedge fund license

Monday, November 28, 2011
Opalesque Industry Update – Hong Kong’s Securities and Futures Commission on Sunday approved the license of Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, to operate a hedge fund.

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

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is