Institutional Consistency
At HBK, we believe decades of continuity have created an advantage in markets defined by change.
HBK is a global, multi-strategy investment firm targeting absolute returns through a combination of relative-value, catalyst-driven, and arbitrage strategies.
The consistency and alignment of our people, philosophy, and processes are paramount. It makes knowledge more transferable, risk more manageable, and outcomes more repeatable.
KEY STATS1
of current partners
(Dallas, New York, London)
1. All statistics are as of [date TBC]
For decades, HBK has pursued attractive absolute returns with low volatility and limited correlation to major market indices.
HBK's long-standing partnership model, rather than control by a single founder, has been critical to that pursuit. This structure aligns incentives across the firm, supports long-term talent retention, and contributes to organizational stability and continuity across generations of leadership.
Strategies
HBK’s Strategies
We combine diverse strategies focused primarily on relative value opportunities.
Corporate Credit
Stressed and distressed credit, capital structure relative value, outright long/short investment grade and high yield credit, and convertible bond arbitrage.
Emerging Markets
Corporate credit, sovereign credit, rates, foreign exchange, and equity.
Structured Credit
Asset-backed securities, REITs, derivatives, and related products.
Event-Driven Equities
Risk arbitrage, intercapitalization relative value, SPACs, special situations equities, and continuation funds.
Volatility
Equity correlation and derivatives, FX volatility, and other volatility-related trades.
Developed Markets
G-7 sovereign debt, municipal bonds, and other rate, FX, and commodity products.
Culture
Part of something bigger
Since 1991, HBK has built a culture of shared ownership and collective responsibility. That foundation has helped us maintain continuity through changing markets, creating an environment where our people are empowered to make contributions that shape our future.