Mixed 2012 For Asian Hedge Funds

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...