Friday, 29 August 2014
Last updated 1 hour 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...