Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.