Monday, 15 September 2014
Last updated 8 hours ago
Mar 21 2012 | 1:42pm ET
Azentus Capital, last year's biggest Asian hedge fund launch, has recouped its losses.
The Hong Kong-based firm, founded by former Goldman Sachs proprietary trading head Morgan Sze, is back above US$2 billion in assets, HFMWeek reports. The firm had no problem raising that much money, reaching that milestone in August, just four months after it launched. Once it was there, it closed to new investment.
But the second half of the year was not kind on the performance front, with Azentus ending its first year down 6.8%. Those losses pushed its assets down to US$1.9 billion.
However, things have taken a turn for the better this year, putting Azentus "steadily over US$2 billion," a source told HFM.
It is unclear exactly how well Azentus is doing this year.
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…
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