Website www.hbk.com Founded 1991 Type Privately held company | Founder Harlan B. Korenvaes Headquarters Dallas Number of employees 200 (2015) | |
Key people David Costen Haley President and Managing DirectorJohn Baker Gentry Managing Director and Chief Financial OfficerMr. Kevin Alan O'neal Managing Director and Chief Operating Officer AUM $9.7 billion (October 2015) Subsidiaries HBK Services LLC, HBK Europe Management L.L.P., HBK Private Equity | ||
Hbk investments top 6 facts
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. Since inception in 1991, HBK's funds have delivered compounded returns of approximately 11.6%.
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.
In 2015, Institutional Investor/Alpha magazine gave HBK an A grade and the #13 ranking among hedge funds worldwide.