DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Hbk Capital Management
Legal name Hbk Investments L.P.
Latest filing Jun 30, 2026
First filing on the tape Mar 30, 2012 · 48 filings
SEC status approved since Oct 19, 2009
RAUM
$36B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$36B
derived; firm RAUM over IAPD count
Employees
198
61 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
4
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$36B as of Jun 30, 2026
Mar 30, 2012$13B then
HNW client RAUM: no history
State-registered IARs (5.B.3)1 as of Jun 30, 2026
Mar 30, 20120 then
Employees (5.A)198 as of Jun 30, 2026
Mar 26, 2013180 then
Private funds4 as of Jun 30, 2026
Mar 30, 20122 then
RAUM +25% over the last fiscal year+7.8% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jun 30, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $36BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $4.0BderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 1.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 198.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- yesreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$34B95%
- Other investment advisers$1.4B4.0%
- Sovereign wealth funds$417M1.2%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 9reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $0 for 0 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.99 institutional_share=0.01 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jamiel Andrew Akhtar | Dallas, Tx | Jun 27, 2001 | 33 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
9 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Hbk Master Fund L.P. | Hedge Fund | $17B | 319 | Mar 30, 2012 |
| Hbk Quantitative Strategies Master Fund L.P.no longer reported | Hedge Fund | $3.0B | 43 | Mar 30, 2012 |
| Hbk Merger Strategies Master Fund L.P. | Hedge Fund | $2.4B | 85 | Dec 9, 2014 |
| Hbk Opportunities Platform L.P. - Convertible Arbitrage Series | Hedge Fund | $306M | 21 | Nov 18, 2020 |
| Hbk Opportunities Platform L.P. - Credit Series | Hedge Fund | $101M | 25 | Mar 31, 2022 |
| Hbk Master Sof II L.P.no longer reported | Hedge Fund | $78.5M | 51 | Mar 31, 2015 |
| Hbk Opportunities Platform L.P. - Spac Seriesno longer reported | Hedge Fund | $34.9M | 17 | Mar 31, 2021 |
| Hbk Opportunities Platform L.P. - Credit Series II | Hedge Fund | $30.5M | 19 | Nov 2, 2022 |
| Hbk Opportunities Platform L.P. - Spac Series IIno longer reported | Hedge Fund | $24.9M | 16 | Aug 26, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Andrew Jamiel Akhtar · Chief Investment Officer, Managing Directorcontrolsince 11/1995 · owns less than 5%
- Saleh Roya Doud · Chief Compliance Officercontrolsince 01/2023 · owns less than 5%
- Sebastian Isaac Haas · General Counselcontrolsince 01/2022 · owns less than 5%
- Lynne Heather Harris · Chief Financial Officer, Managing Directorcontrolsince 03/2015 · owns less than 5%
- Frederick Matthew Luth · Chief Investment Officer, Managing Directorcontrolsince 01/2021 · owns less than 5%
- Ludwig Jon Mosle · President, Managing Directorcontrolsince 01/2007 · owns less than 5%
- Andrew Jamiel Akhtar · Membercontrolsince 01/2010 · owns 25% to 50% of Hbk Management LLC
- Frederick Matthew Luth · Membercontrolsince 01/2021 · owns 25% to 50% of Hbk Management LLC
- Ludwig Jon Mosle · Membercontrolsince 01/2021 · owns 25% to 50% of Hbk Management LLC
Entity owners
- Hbk Management LLC · General Partnerdirect · owns less than 5%
- Hbk Management LLC · General Partnerindirect · owns F of Hbk Partners II L.P.
- Hbk Partners II L.P. · Limited Partnerdirect · owns 75% or more
Related persons
Schedule D 7.A
- Hbk Capital L.P.bankpooled vehicle sponsorn
- Hbk Capital Ltd.bankpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- New York, NY36 employees
- London, United Kingdom10 employees
- Charlottesville, VA1 employees
What changed
consecutive filings, newest first
- Accounts · 7 to 9Nov 18, 2025 to Mar 31, 2026
- Advisory employees · 59 to 61Nov 18, 2025 to Mar 31, 2026
- Pooled vehicle clients · 6 to 7Nov 18, 2025 to Mar 31, 2026
- Employees · 205 to 198Nov 18, 2025 to Mar 31, 2026
- Private funds · 3 to 4Nov 18, 2025 to Mar 31, 2026
- Discretionary RAUM · $28B to $36BNov 18, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $28B to $34BNov 18, 2025 to Mar 31, 2026
- RAUM · $28B to $36BNov 18, 2025 to Mar 31, 2026
- Financial planning clients · unset to Mar 28, 2025 to Jul 2, 2025
- Accounts · 9 to 7Jan 31, 2025 to Mar 28, 2025
- Pooled vehicle clients · 8 to 6Jan 31, 2025 to Mar 28, 2025
- Employees · 193 to 205Jan 31, 2025 to Mar 28, 2025
- Discretionary RAUM · $20B to $28BJan 31, 2025 to Mar 28, 2025
- Pooled vehicle RAUM · $20B to $28BJan 31, 2025 to Mar 28, 2025
- RAUM · $20B to $28BJan 31, 2025 to Mar 28, 2025
- Private funds · 4 to 3Mar 28, 2024 to Jun 14, 2024
- Accounts · 11 to 9Nov 22, 2023 to Mar 28, 2024
- Advisory employees · 54 to 59Nov 22, 2023 to Mar 28, 2024
- Advisory activities · 1 to 2Nov 22, 2023 to Mar 28, 2024
- Pooled vehicle clients · 11 to 8Nov 22, 2023 to Mar 28, 2024
- Employees · 174 to 193Nov 22, 2023 to Mar 28, 2024
- Private funds · 5 to 4Nov 22, 2023 to Mar 28, 2024
- Discretionary RAUM · $28B to $20BNov 22, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $28B to $20BNov 22, 2023 to Mar 28, 2024
- RAUM · $28B to $20BNov 22, 2023 to Mar 28, 2024
- Private funds · 7 to 5Mar 31, 2023 to May 5, 2023
- Accounts · 10 to 11Jan 18, 2023 to Mar 31, 2023
- Advisory employees · 50 to 54Jan 18, 2023 to Mar 31, 2023
- Pooled vehicle clients · 10 to 11Jan 18, 2023 to Mar 31, 2023
- Employees · 168 to 174Jan 18, 2023 to Mar 31, 2023
- Discretionary RAUM · $34B to $28BJan 18, 2023 to Mar 31, 2023
- Pooled vehicle RAUM · $34B to $28BJan 18, 2023 to Mar 31, 2023
- RAUM · $34B to $28BJan 18, 2023 to Mar 31, 2023
- Private funds · 6 to 7Apr 1, 2022 to Nov 2, 2022
- Accounts · 7 to 10Jan 28, 2022 to Mar 31, 2022
- Advisory employees · 47 to 50Jan 28, 2022 to Mar 31, 2022
- Pooled vehicle clients · 7 to 10Jan 28, 2022 to Mar 31, 2022
- Employees · 170 to 168Jan 28, 2022 to Mar 31, 2022
- State-registered IARs · 3 to 1Jan 28, 2022 to Mar 31, 2022
- Private funds · 5 to 6Jan 28, 2022 to Mar 31, 2022
Signals
10 dated events
- Hbk Capital Management reported RAUM $35.6B, up 25% from $28.5B (2025-11-18 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Hbk Capital Management reported RAUM $28.5B, up 40% from $20.3B (2025-01-31 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- Hbk Capital Management reported RAUM $20.3B, down 29% from $28.5B (2023-11-22 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Jayne Carol Biondo (Chief Compliance Officer) no longer on Schedule A of Hbk Capital Management (listed 2022-11-02, absent 2023-01-18)Jan 18, 2023 · Control person left · inference
- Saleh Roya Doud (Chief Compliance Officer) appeared on Schedule A of Hbk Capital ManagementJan 18, 2023 · Control person joined · fact
- Hbk Capital Management reported RAUM $33.7B, up 70% from $19.8B (2022-01-28 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Sebastian Isaac Haas (General Counsel) appeared on Schedule A of Hbk Capital ManagementJan 28, 2022 · Control person joined · fact
- Costen David Haley (President, Managing Director) no longer on Schedule A of Hbk Capital Management (listed 2021-08-26, absent 2022-01-28)Jan 28, 2022 · Control person left · inference
- Lloyd Richard Booth (Chief Investment Officer, Managing Director) no longer on Schedule A of Hbk Capital Management (listed 2020-11-18, absent 2021-03-31)Mar 31, 2021 · Control person left · inference
- Frederick Matthew Luth (Chief Investment Officer, Managing Director) appeared on Schedule A of Hbk Capital ManagementMar 31, 2021 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Hbk Capital Management · Independent Sponsorsshared crd · capital_provider
- HBK Capital Management · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/HBK-CAPITAL-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
- Website
- HBK.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 214-758-6100reportedpublic record, Form ADV, Jun 30, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $36Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026