Tuesday, 23 September 2014
Last updated 3 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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.