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."


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note