Hedge Funds Performance

HBK raises half a billion dollars

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The Dallas firm has posted positive returns for 25 consecutive months.

Keeping in line with an improved fundraising environment across the hedge fund industry, HBK Capital Management secured $520 million of new capital in the first quarter. The $5.6 billion firm is also on a roll performance-wise: all of its funds have posted positive returns for the past 25 consecutive months. Its largest fund, the $3.88 billion HBK Offshore Fund II, was up 3.8% through March 31, with strong contributors in the first quarter coming from HBK’s event-driven, structured-credit and volatility-trading strategies, according to an April 13 investor letter.

The firm’s structured credit portfolio gained 1.04% in the first quarter,