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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...