Saturday, 20 December 2014
Last updated 16 hours ago
May 17 2011 | 10:18am ET
Azentus Capital Management, the hedge fund run by former top Goldman Sachs proprietary trader Morgan Sze, is on pace to almost double its assets in spite of a relatively slow start.
Hong Kong-based Azentus, which debuted on April 1 with US$1.06 billion, should have about US$1.8 billion in assets by the beginning of next month, Bloomberg News reports. The figure is based on expected and actual subscription requests and estimated performance.
Azentus currently manages US$1.4 billion.
In non-estimated terms, Azentus returned 0.3% in its first month, less than most hedge fund indices and well behind the broader markets.
Sze is the former co-head of Goldman Sachs Principals Strategies, where he handled the firm’s Asian proprietary investments. His former co-head, Pierre-Henri Flamand, hasn’t done much better this year with his US$2 billion hedge fund, Edoma Partners, which was up 0.2% in the first quarter.
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…
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