Monday, 20 October 2014
Last updated 2 days ago
Sep 14 2011 | 1:13pm ET
Less than four months after its launch, Azentus Capital Management is a US$2 billion hedge fund.
The Hong Kong-based firm, founded by former Goldman Sachs proprietary trader Morgan Sze, crossed the milestone on Aug. 1, HFMWeek reports. Azentus' maiden Global Opportunities Fund is now closed to new investment.
The fund, which has been soft-closed since its debut on April 1, launched with just over US$1 billion in assets. It managed US$2.03 billion as of the end of August.
Azentus, an Asia-focused multi-strategy fund and one of the most-watched hedge fund launches of the year, returned 0.43% last month, avoiding the big hit taken by many hedge funds during the industry's worst month in almost three years.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...