Hedge Funds

HBK man flies out with Aviator

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Bill Park, formerly with Dallas-based HBK, has teamed up with Eric Wong from Angelo Gordon and Koji Takasumi from KBC to start their own New York-based global multi-strategy operation.

Aviator will start in July and will have five strategies, which are a mixture of capital structure arbitrage, convertible bond arbitrage, catalyst, relative value volatility and statistical arbitrage volatility.

The primary focus of the fund will be in the US but it will have some Asian trades - as Park spent three of his six years at HBK in Tokyo. It will also make occasional forays into European arbitrage trades when