Tuesday, 29 July 2014
Last updated 8 hours ago
Mar 3 2011 | 11:13am ET
Less than a year after launching its maiden hedge fund, Paridon Asia has lost its top manager.
Paul Berg, who served as chief investment officer of the Singapore-based fund, has left the firm, Bloomberg News reports. Firm founder and namesake Robert van Paridon has taken on the CIO's role in Berg's absence.
It is unclear why Berg, formerly head of macro and derivative strategies at Prudential Asset Management, resigned. But his exit comes less than six months after Paridon announced an ambitious plan to raise US$100 million within six months and US$250 million within two years for its Asia Macro Fund.
That fund debuted in May, seeded by US$10 million from van Paridon and US$1 million from Berg.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…