Sunday, 21 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.