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David C. Haley

David C. Haley (born 1961) is an American lawyer and hedge fund manager. He served as president of HBK Capital Management, the largest hedge fund in Texas, from 2007 to 2021.

Early life and education

David Haley was born and raised in Little Rock, Arkansas. He graduated from Hall High School, where he was valedictorian and student body president. He attended Harvard University, graduating magna cum laude in 1983. Haley received a Sumners Scholarship to Southern Methodist University Dedman School of Law, where he was editor-in-chief of the Southwestern Law Journal (now SMU Law Review). From 1986 to 1994, Haley practiced corporate and securities law with Andrews & Kurth LLP in Dallas and Houston.

Investment career

In July 1994, Haley joined HBK Capital Management, then a $200 million hedge fund in Fort Worth, Texas founded by Harlan Korenvaes in 1991. Haley spent four years in merger arbitrage before starting the firm's distressed and high yield investments business in 1998 and a direct lending business in 2004. Buoyed by excellent returns, HBK grew to $14 billion of assets under management by 2007.

In late 2007, Haley became president of HBK and led the firm through the ensuing financial crisis of 2008-09, during which assets under management fell to $4.5 billion. Subsequently, HBK rebounded strongly, launching several new funds and returning AUM to $11 billion by 2018. In 2021, HBK celebrated its 30th anniversary, making it one of the longest tenured hedge funds in the world. Haley retired in 2021, after 27 years at the firm, including the last 14 as president.

From 2015-17, Haley served as Chair of the Board of Directors of the Managed Funds Association, the principal trade association for the global hedge fund industry.

Several individuals who worked for Haley at HBK proceeded to launch successful firms, including Ivan Zinn (Atalaya Capital Management), Mark Schachter (Elm Park Capital Management), and Jay Conklin (Park Walk Investments LLC).

Personal life

Haley is married to Lori K. Haley, and they have four adult children. They reside in Fort Worth, Texas.