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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR