Azentus Bounces Back In Q2

Jul 21 2014 | 1:38pm ET

Prominent Asian hedge fund Azentus Capital Management put an end to its slide in the second quarter.

The Hong Kong-based firm, led by former Goldman Sachs proprietary trading chief Morgan Sze, rose 2.29% in the second quarter, The Wall Street Journal reports. The firm’s flagship Global Opportunities Master Fund is still down 3.28% on the year, after losing more than 5% in the first quarter.

By contrast, Asian stocks are up about 3.1% on the year, according to the MSCI Asia ex-Japan index.

Azentus’ second-quarter turnaround was fueled by its Greater China investments, the US$750 million firm told investors.

“China has transitioned from investor fear of a credit crisis and sudden economic collapse to a growing perception that China’s multi-year slowdown will be orderly. While we think that China GDP growth should further decelerate in 2015, we have probably seen the worst of the growth scare this year.”

Azentus returned 16.4% last year, it’s best-ever performance since its 2011 debut.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note