Sign up for free newsletter


Morgan Sze, Azentus Capital

Azentus Capital down 6.8 per cent last year

2011 was a tough year for hedge funds. Irrespective of pedigree or reputation the markets took no prisoners, and Morgan Sze’s Hong Kong-based Azentus Capital – Asia’s highest profile launch last year – was no exception. According to Reuters, citing undisclosed sources, the fund fell 6.8 per cent last year following its launch in April, hit by a sharp drop in Chinese shares. A former head of Goldman’s Principal Strategies group, Sze successfully raised approximately USD1billion for the fund at launch: assets have since grown to USD1.9billion. The multi-strategy fund has a global mandate but focuses on companies with exposure to Asia. It was primarily exposure to China that accounted for losses according to one of the sources; mainly Chinese stocks listed in the US. With the average global hedge fund down nearly 5 per cent in 2011, it was a year for most hedge fund managers to forget.     

17 hours 59 min from now - Chicago
1 day 17 hours from now - Bratislava
1 week 18 hours from now - New York
1 week 18 hours from now - Cape Town
1 week 18 hours from now - London
Thu, 10/11/2016   - London
Tue, 22/11/2016   - London
Mon, 28/11/2016   - London
The Gemini Companies
Mon, 17/10/2016 - 12:51
FundCount LLC
Tue, 04/10/2016 - 10:30
Thu, 29/09/2016 - 21:25
other gfm publications