Bloomberg – Senrigan Capital Group Ltd. and Azentus Capital Management Ltd., two of Asia’s biggest hedge- fund startups since 2009, lost money in 2011 as the region’s funds had their second-worst performance on record, said four people familiar with the returns.
Senrigan, which manages about $1 billion and is backed by Blackstone Group LP, is estimated to have lost more than 8.5 percent last year, said two of the people with direct knowledge of the figures, who asked not to be identified because the information is private. Azentus lost 6.8 percent since it was started in April by a former Goldman Sachs Group Inc. executive, said two other people.
