Monday, 3 August 2015
Last updated 1 hour 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.
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…