Sze Registers Azentus Capital in Hong Kong

February 24, 2011 James Heinsman Hedge Fund News

 

Goldman Sachs’ former star trader Morgan Sze is making some real progress in his effort to launch his $1 billion+ hedge fund. Just this week he registered Azentus Capital with the Hong Kong market supervisor.

Sze ran the Goldman Sachs’ Principal Strategies group in Asia until February 16th. Five days after his departure he joined Azentus Capital in Hong Kong.

The change comes while Goldman and numerous other Wall Street banks shut down various exclusive trading desks because of the “Vlocker Rule.” This puts a limit on the risks a bank can take with their own capital due to the financial crisis.

Sze is busy gathering a team of nearly thirty people to manage Azentus Capital. They plan to launch the fund in the second quarter. It is expected to be one of the largest launched since the beginning of the crisis. It will also be one of the most impressive on the continent.

“We believe that Asia is on the verge of getting its very own post-crisis, home-grown billion dollar club, and expect that high-quality, institutional new entrants such as Azentus will add significantly to it,” said Aradhna Dayal, the editor of AsiaHedge.

Azentus Capital, Goldman Sachs, Hedge Funds, Hong Kong, Sze,

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