Myriad Asset Management is Nearing $3B of AssetsFollowing to sources, the hedge fund led by Carl Huttenlocher former Asia head of Highbridge Capital Management LLC, Myriad Asset Management Ltd., is getting close to $3 billion of assets.
Assets jumped from almost $2.4 billion early this year after Myriad accepted more capital from investors, said the people, who asked not to be identified because the information is private. Huttenlocher said in November 2011 that he planned to stop taking more investor capital when his fund assets hit $2 billion.
The Hong Kong-based hedge fund is expected to restrict new capital soon, one of the people added. Huttenlocher declined to comment, citing regulatory restrictions.
Myriad is one of the largest Asia-based hedge-fund startups since 2008. Investors have favored bigger, established hedge funds since the global financial crisis amid heightened risk awareness and as inflows have been dominated by institutions such as pension funds that are restricted from investing in smaller funds.Source: Bloomberg