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Myriad, Azentus Post Gains as Asian Hedge Funds Beat Peers

Bloomberg – Myriad Asset Management Ltd. and Azentus Capital Management Ltd. posted gains in 2012 as a market rebound in the last four months of the year helped Asian hedge funds outperform global peers.

The Myriad Opportunities Master Fund, a $1.4 billion multistrategy fund led by Carl Huttenlocher, former Asia head of Highbridge Capital Management LLC, returned about 7 percent last year, said two people with knowledge of the performance. Azentus’s $1.7 billion multistrategy fund reversed earlier losses to post a gain of about 1 percent for the year, said two others with knowledge of the returns. The people declined to be identified because the information is private.

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