Friday, 31 October 2014
Last updated 11 hours ago
Apr 23 2013 | 1:15pm ET
Azentus Capital Management's turnaround has extended into 2013.
The hedge fund, founded by former Goldman Sachs proprietary-trading chief Morgan Sze, is up 8% before fees this year, Bloomberg News reports. Hong Kong-based Azentus managed to return 1% last year after spending most of 2012 in the red; in its first year, 2011, it lost 6.8%.
Still, the Asia-focused firm's assets fell to US$1.6 billion; Azentus has managed in excess of US$2 billion.
The firm has also lost one of its six founding partners. Bruce Kirk left Azentus in March, according to a filing with the Hong Kong Securities and Futures Commission. Kirk's departure was amicable, chief operating officer Roger Denby-Jones told Bloomberg.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.