Friday, 22 August 2014
Last updated 10 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note