, Hong Kong
1 view

Myriad Fund cleared for launch

Carl Huttenlocher received a license to launch Myriad Asset Management this December, three months later than planned.

 

Myriad is seeking to raise up to US$2 billion by the end of the second quarter for an Asian-Pacific multistrategy fund that will invest in corporate securities ranging from equities, convertible debt and corporate bonds to credit and equity derivatives. It could be one of the biggest Asia-focused hedge fund start-ups.

The Myriad Opportunities Master Fund Ltd. has received $300 million from Mr. Huttenlocher and a family office he declined to name.

Scott Gaynor, previously chief operating officer for Morgan Stanley Asia, will take that role at Myriad.

Hong Kong's Securities & Futures Commission delayed the launch of Myriad, originally scheduled for Sept. 1, because it was exploring allegations that Mr. Huttenlocher, orothers working for his fund, had improperly valued illiquid assets–among other actions–during the financial crisis in 2008 and its aftermath.

For the source of this story, click here.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Investment Asia in your inbox
On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Here's what boosted this growth.
Lousy start for 2014, says analyst.
Santa is on his sleigh and the elves won't be back until Jan 6.
Reforms to be implemented by 2020.
It's the lowest annual level since 2009.
Is it finally recovering?