Saturday, 20 December 2014
Last updated 14 hours ago
Feb 24 2011 | 11:13am ET
Azentus Capital, expected to be one of the largest hedge fund launches of the year, is a reality. The firm, set up by now-former top Goldman Sachs proprietary trader Morgan Sze, was founded on Monday, according to a filing with the Hong Kong Securities and Futures Commission.
Azentus' birth is no surprise; it has been inevitable since Goldman decided to shutter its proprietary trading business in September. Nor has the firm waited for its official registration—or Sze's official departure from Goldman, which took place on Feb. 16—to begin laying the groundwork for its debut: Sze hired former Boyer Allan Investment Management CEO Roger Denby-Jones as chief operating officer in October.
Sze and Denby-Jones are expected to be joined by about 30 other employees at the new hedge fund, set to launch its maiden vehicle in the second quarter. Four other employees were listed in the filing, all former members of Sze's Asia prop. trading team at Goldman: Bruce Kirk, Mohan Rajasooria, Jenny Sun Kin-nam and Jeffrey Zielinski.
The team works at one of Hong Kong's most prestigious office buildings, the ICBC Tower, Reuters reports.
Azentus is expected to raise more than US$1 billion, following the debuts of two other former Goldman prop. traders' hedge funds: Pierre Henri-Flamand's Edoma Capital, which raised US$1.3 billion, and Eric Mandelblatt's Soroban Capital Partners, which raised more than US$500 million.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.