Wednesday, 22 October 2014
Last updated 1 hour ago
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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...