Reuters – The $125 billion Asian hedge fund industry’s star power just got bigger, with Carl Huttenlocher quitting Highbridge Capital as head of Asia investments to set up his own start-up in the region.
As the fund-raising climate for hedge funds improves and Wall Street banks wind up proprietary trading desks to comply with the ‘Volcker rule’, star managers and traders are taking matters into their own hands, and setting up brand new investment firms.
