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Ex-Highbridge Asia Chief To Float New HF

Carl Huttenlocher, former Asia CEO of Highbridge Capital Management, is soft launching a new hedge fund.

Carl Huttenlocher, former Asia CEO of Highbridge Capital Management, is soft launching a new hedge fund, Reuters reports. Hong Kong-based Myriadwill begin trading in September this year with about $300 million.

Huttenlocher is expecting to raise the trading money to over $1 billion by early 2012, when he will open the fund to external investors. As part of the launch, Huttenlocher has also appointed Scott Gaynor as COO of the hedge fund, adds FINalternatives.

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