Wednesday, 27 August 2014
Last updated 9 hours ago
Jan 14 2013 | 1:12pm ET
Two of 2011's highest-profile Asian hedge fund losses posted middling returns last year.
Myriad Asset Management's US$1.7 billion flagship returned about 7% last year, while Azentus Capital Management's US$1.7 billion multistrategy hedge fund was up about 1%, Bloomberg News reports. The average Asia-focused hedge fund returned almost 10% last year, according to Eurekahedge, thanks to a rally in the last four months of last year.
Azentus, led by former Goldman Sachs proprietary trading chief Morgan Sze, benefitted in particular from that surge: The fund, which once managed US$2 billion, was in danger of suffering its second-straight losing year in as many tries prior to it; Azentus lost 6.8% in 2011.
Those returns put Azentus and Myriad squarely in the middle among some prominent Asia hedge funds. York Capital Management's Asian Opportunities Fund soared 11% last year, according to Bloomberg, while Senrigan Capital Group lost the same amount. As for Azentus, things could have been worse for Senrigan, led by Citadel Investment Group veteran Nick Taylor, as it posted four consecutive positive months to close out 2012.
Tybourne Capital, the hedge fund launched by former Lone Pine Capital Asia chief Eashwar Krishnan and former Goldman Sachs capital introductions executive Tanvir Ghani in the summer, returned 5% in its first six months of trading.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...