(Bloomberg) One of Asia’s best known hedge-fund managers is returning investors’ money and turning his firm into a family office, according to people familiar with the matter. Morgan Sze, who launched Azentus Capital Management Ltd. in 2011, has so far handed back about 95 percent of the fund’s external investment of $100 million, one of the people said, asking not to be identified because the matter is private. The former Goldman Sachs Group Inc. trader is joining a growing number of money managers exiting the industry amid falling returns and competition from cheaper passive funds.
Ex-Goldman Trader’s Hedge Fund Returns Clients’ Cash
This entry was posted in Syndicated. Bookmark the permalink.
