Hedge Fund Senrigan Hits $1B In Assets

Apr 1 2011 | 12:51pm ET

Asia has a new member of the billion-dollar club: Senrigan Capital Group.

The Hong Kong-based firm, founded about a year-and-a-half ago by former Citadel Investment Group Asia principal investments chief Nick Taylor, took in US$55 billion in net inflows last month to crest the US$1 billion mark.

Senrigan, an event-driven shop, debuted in November 2009 with about US$220 million in assets, most of it from the Blackstone Group's fund of hedge funds unit, which provided US$150 million in seed capital. The fund has returned more than 9% since its launch.

Taylor left Citadel after just six months, departing when the Chicago hedge fund giant retrenched in Asia, shuttering both its principal investments group and its Tokyo office in December 2008. Prior to joining Citadel, Taylor led Credit Suisse hedge fund Modal Capital Partners.

According to AR magazine and HedgeFund Intelligence, billion dollar-plus funds in Hong Kong, Singapore, Tokyo and in Sydney and Melbourne, Australia, numbered 29 at the end of last year. As of today, they should number at least 31, with former Goldman Sachs proprietary trader Morgan Sze's official launch of his Azentus Capital with more than US$1 billion.

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