Huttenlocher eyes roughly $2bn capacity for Myriad Opportunities fund
Wed Sep 7, 2011
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
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
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...
ISSN: 2151-1845 / CDC10004H
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