Huttenlocher eyes roughly $2bn capacity for Myriad Opportunities fund

Wed Sep 7, 2011




Carl Huttenlocher
Star trader and ex-Asia head of Highbridge Capital Management, Carl Huttenlocher, expects that his much anticipated new multi-strategy fund, the Myriad Opportunities Fund, could start trading in October and is looking at around $2 billion in capacity.

The fund will open to external investors in December and is likely to take in capital in stages as against the general expectation of starting with $1 billion at the outset.  An institutional end investor focused on long-term returns and a two-year lock-up is understood to be in place, which Huttenlocher feels will provide stable anchor capital for the fund.

Huttenlocher dismissed as "baseless" and "frivolous" recent allegations aired against him by an unidentified complainant that a fund he managed at Highbridge had short-changed investors who redeemed their investments at the height of the global financial crisis in 2008. He added that the complaint has been forwarded to him by the...

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