Friday, 31 July 2015
Last updated 1 hour ago
Sep 21 2010 | 9:39am ET
A new Singapore hedge fund founded by a former ABN Amro Group executive is seeking US$100 million for its maiden fund.
Paridon Asia launched its Asia Macro Fund in May with US$11 million in principal capital, including US$10 million from namesake and CEO Robert Van Paridon. After losing 1.1% in its first three months—admittedly difficult ones for the industry—the firm is to begin marketing the vehicle to institutional investors, with an eye towards raising US$100 million within six months and US$250 million within two years.
The new firm features Paul Berg, late of Prudential Asset Management, as chief investment officer, and Sean Yokota, formerly of UBS, as portfolio manager.
Paridon will charge 1.5% for management and 20% for performance.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…