Thursday, 2 October 2014
Last updated 18 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...