HBK Investments

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HBK Investments
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 run his family office, 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[edit]

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

External links[edit]