|Hong Kong-based hedge fund manager, Azentus Capital Management Ltd., has increased its assets under management to $1.9 billion. Morgan Sze launched Azentus Capital Management Ltd.’s first hedge fund on April 1, 2011 with a focus on investments in Asia, reports Bloomberg. Sze plans to cap assets under management at $2 billion. |
Morgan Sze was formerly a proprietary trader and the head of Goldman Sachs Principal Strategies’ trading desk. Sze’s departure from Goldman Sachs Group was prompted by the Dodd-Frank Act which prevents banks from trading with their own money. Sze’s former colleague, Pierre-Henri Flamand, left Goldman Sachs Group in March 2010 to start hedge fund Edoma Partners LLP.