Azentus, Myriad Up Double-Digits

Jan 15 2014 | 2:29pm ET

Two of the most prominent members of the Asian hedge fund industry's class of 2011 are at last living up to their hype.

Myriad Asset Management returned 20% last year and Azentus Capital Management 16.4%, Bloomberg News reports. The returns are the best-ever for the Hong Kong hedge funds, which manage $2.4 billion and $840 million, respectively.

Myriad was founded by former Highbridge Capital Management Asia chief Carl Huttenlocher and Azentus by former Goldman Sachs proprietary trading head Morgan Sze. The funds returned 7% and 1%, respectively, in 2012.

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