Performance

Big Asian funds Azentus, Senrigan deliver positive returns in January

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Two of Asia’s biggest hedge funds eked out positive returns in January after a tough 2011, which comes as good news for investors that have been looking for performance out of Asia.

Hong Kong-based Azentus Capital Management, the $2 billion multi-strat fund run by ex-Goldman Sachs Morgan Tze, is understood to have delivered a 30bp return in January.

Another billion-dollar Asian fund, the Senrigan Capital Group’s event-driven fund, gained 1.1% .

These two are considered the largest hedge funds to launch in Asia since the global financial crisis in 2008.

It is understood that Senrigan’s return for the