By Nishant Kumar
HONG KONG (Reuters) - Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's
In a rare media briefing by a hedge fund manager in Hong Kong, the industry veteran said he expected to raise $2 billion by June 2012 after which he would close his fund to investors.
Huttenlocher received an asset management license on Friday to start operations in Hong Kong, the Securities and Futures Commission (SFC) website showed on Sunday.
The license for Huttenlocher's much-anticipated hedge fund company, Myriad Asset Management, had been delayed because of a review by the regulator after an anonymous complaint.
"We decided to get going right away," Huttenlocher, who quit Highbridge Capital in March, told reporters.
"It's probably the longest I have gone without investing in a long time," said the hedge fund manager, who managed Highbridge's Asia-focused fund, which once had about $2 billion in assets under management.
Huttenlocher is launching Myriad Opportunities Master Fund Ltd, a multi-strategy hedge fund with a focus on the Asia Pacific region and asset classes such as equities, convertibles, credit and corporate bonds.
Huttenlocher has picked Credit Suisse Group AG
Prime brokers provide services such as clearing trades and lending money to hedge funds.
(Reporting by Nishant Kumar; Editing by Jonathan Hopfner and Ken Wills)