Thursday, 18 September 2014
Last updated 24 min ago
Jul 8 2011 | 12:40pm ET
Investors can't get enough of former Goldman Sachs proprietary trader Morgan Sze's Azentus Capital Management. But those with a bigger appetite for the Hong Kong-based hedge fund had better pony up quickly.
Azentus, which launched on April 1 with just over US$1 billion in assets under management, now has more than US$1.9 billion in assets. And the firm plans to close the fund to new investment at US$2 billion, Bloomberg News reports.
Azentus, an Asia-focused multi-strategy fund, has been soft-closed since its debut.
The firm hasn't officially disclosed its June numbers yet—most of its peers took it on the chin last month—but Bloomberg's sources say its returns have been "flattish."
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.