Ex-Goldman trader's Fund reached $ 2B

A one-off, Goldman Sachs trader Hong Kong s.a.r. Fund approach is said to have mark 2 billion dollars.

Azentus Capital Management, a hedge fund, as presented in April by former Goldman Sachs Group pharmaceutical trader Morgan Sze, has greater assets to more than 1.9 billion dollars, according to Bloomberg.

Azentus, which launched with over 1 billion dollars, plans to stop accepting new money when the Fund hits $ 2 billion.

Sze's hedge fund, which employs a variety of investment strategies, is considered one of the largest in Asia, home to a 152 billion dollar hedge fund industry.

Go to the Bloomberg article

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Einhorn Greenlights sale of Yahoo! Games

Hedge Fund guru David Einhorn say not "Yahoo!" when he announced Friday that its Fund, Greenlight capital, sold its share in online business.

Einhorn, had instead a tone of resignation in a letter to shareholders, according to news reports.

GreenLight capital had owned 8.5 million shares of Yahoo! March 31, according to a Securities and Exchange Commission filing.

But in Einhorns letters, published by online blog zero Hedge, as he has some of the blame for the sell-off to an ongoing dispute between Yahoo! and China's Alibaba group over ownership Alibaba's online payments business, Alipay to a company owned separately by Alibaba's CEO.

Einhorn had bought Yahoo! shares earlier this year on the online company's stake in Alibaba.

But he expressed in the letter to Greenlight will not be involved in Yahoo! and Alibabas and back, if not in part, "that was what we signed up for. We ended with a modest loss. "

Einhorn has since again, have to worry about other things such as completed his purchase of a stake in the New York Mets.

Go to zero Hedge article

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