Tuesday, 31 March 2015
Last updated 23 min ago
Oct 16 2013 | 2:00pm ET
Azentus Capital Management, the largest Asian hedge fund launch of 2011, is on track to post its first double-digit return.
The Hong Kong-based firm, headed by former Goldman Sachs proprietary trading chief Morgan Sze, is up 11% through September, Bloomberg News reports. That's good enough to put the US$900 million fund ahead of most of its peers, and in line with the average Asian hedge fund, although it lags the broader markets.
Most of Azentus' gains came early in the year; the firm was up 8% in the first quarter.
Despite the strong performance, Azentus' assets have continued to slip. The firm closed the Global Opportunities Master Fund at US$2 billion just four months after it launched and managed US$1.6 billion in April. The decline has led Sze to begin fundraising again, and he attended a Goldman Sachs capital-introduction event in Singapore last week. The firm hopes to get its assets back to about US$1.5 billion, according to Bloomberg.
Azentus lost 6.8% in 2011 and gained 1% last year.
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…