HBK Investments

HBK Investments

Type	Private company
Industry	Investment management
Founded	1991
Founder	Harlan B. Korenvaes
Headquarters	Dallas, Texas
Key people	David Costen Haley President and Managing Director John Baker Gentry Managing Director and Chief Financial Officer Mr. Kevin Alan O'neal Managing Director and Chief Operating Officer ^[1]
AUM	$9.7 billion (October 2015)
Number of employees	200 (2015)
Website	www.hbk.com

HBK Investments (HBK Capital Management) is a global, multi-strategy alternative investment management firm based in Dallas, Texas. As of 2015, it manages approximately $9.7 billion and employs 200 individuals. In addition to the main offices in Dallas, the firm maintains satellite offices in New York, Virginia, London, Tokyo, and Hong Kong.^[2] Since inception in 1991, HBK's funds have delivered compounded returns of approximately 11.6%.^[3]

The firm takes its name from the initials of Harlan B. Korenvaes, former Managing Director of Merrill Lynch in charge of the firm's convertible arbitrage trading and sales. He left Merrill Lynch and founded HBK in October 1991, starting with $30 million in capital from four limited partners. Korenvaes left HBK in 2003 to start Korenvaes Capital.^[4]^[5]

In 2015, Institutional Investor/Alpha magazine gave HBK an A grade and the #13 ranking among hedge funds worldwide.^[6]

References

↑ "Company Overview of HBK Investments L.P.". Bloomberg. Retrieved 24 April 2016.
↑ "HBK INVESTMENTS Top 10 13F Holdings in Q1 2015". Octafinance. Retrieved 17 October 2015.
↑ Waite, Suzie. "HBK rebounds after several tough years". Institutional Investor. Retrieved 17 October 2015.
↑ "HBK Capital of Texas Records Strong 2010". FIN Alternatives. Retrieved 17 October 2015.
↑ "HBK founder Korenvaes raising capital; HBK troubles continue". Hedge Fund Intelligence. 1 May 2009. Retrieved 24 April 2016.
↑ Taub, Stephen. "The Hedge Fund Report Card" (PDF). Institutional Investor's Alpha. Retrieved 4 March 2016.

External links

Hedge funds

Investment
strategy

Arbitrage / Relative value	Capital structure arbitrage Convertible arbitrage Equity market neutral Fixed income arbitrage / Fixed-income relative-value investing Statistical arbitrage Volatility arbitrage

Event-driven	Activist shareholder Distressed securities Risk arbitrage Special situation

Directional	Convergence trade Commodity trading advisors / Managed futures account Dedicated short Global macro Long/short equity Trend following

Other	Fund of hedge funds / Multi-manager

Trading

Related
terms

Markets	Commodities Derivatives Equity Fixed income Foreign exchange Money markets Structured securities

Misc	Arbitrage pricing theory Assets under management Black–Scholes model (Greeks (finance): Delta neutral) Capital asset pricing model (Alpha / Beta / Security characteristic line) Fundamental analysis Hedge Securitization Short Taxation of private equity and hedge funds Technical analysis

Investors

Regulatory

Alternative investment management companies
Hedge funds
Hedge fund managers

This article is issued from Wikipedia - version of the 10/9/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.