Myriad Asset Management is Nearing $3B of Assets
Following 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
