Sunday, 21 December 2014
Last updated 5 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.