Hedge Funds

HBK founder Korenvaes raising capital; HBK troubles continue

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Harlan Korenvaes, who left his namesake firm HBK Investments in 2003, is doing a club deal in which he is bringing in former and current HBK investors to Korenvaes Capital. That's the family office he has been running since leaving the Dallas hedge fund firm.

Korenvaes isn't actively courting investors and plans to cap the deal at $250 million. Two family boards approached him about investing, according to an individual with knowledge of the situation. Both of the families were investors in HBK when Korenvaes was there. One left before HBK put up its gate in March 2008,