Tuesday, 29 July 2014
Last updated 20 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…