Friday, 19 December 2014
Last updated 2 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.