Monday, 30 March 2015
Last updated 2 days 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…