Azentus Assets Back Over US$2B

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.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of