|Earlier this week, Morgan Sze picked UBS (NYSE: UBS), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS) as prime brokers for his yet to be launched $1 billion hedge fund called Azentus Capital. Azentus Capital is anticipated to be one of the largest hedge fund launches in Asia when it opens during the second quarter of this year, according to an article from Reuters. Many banks such as Deutsche Bank and Credit Suisse (NYSE: CS) competed for the coveted prime broker relationship. However, Mr. Sze’s selections, with the exception of UBS, were highly anticipated. |
About two weeks ago, Morgan Sze resigned as head of Goldman Sachs’ Principal Strategies Group in Asia. Mr. Sze, along with professionals from Goldman’s Principal Strategies Group, founded Azentus in 2010. Notably, last week, Mr. Sze registered Azentus Capital with the Hong Kong market regulator.