Azentus Nears U$2 Billion, Hard Close

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."

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