Thursday, 2 July 2015
Last updated 12 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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…