Hong Kong's securities regulator, the Securities and Futures
Commission, has given the go-ahead for former Highbridge man
Carl Huttenlocher's multi-strategy Asia-focused Myriad
Opportunities Fund to launch in December.
The regulator decided that accusations that had reportedly
been levelled by an anonymous complainant against the trader
during his stint at Highbridge Capital Management, where he was
formerly the firm's head for Asia, were "baseless".
The launch is one of the most hotly-anticipated for the
hedge fund industry in the Asia Pacific region this year, given
Huttenlocher's track record at Highbridge - where, during a
nine-year run, he delivered on average double-digit yearly
returns for investors.
Myriad will start trading with more than $300...