ABN Amro Vet Launches Asia Macro Fund

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of