Wednesday, 6 May 2015
Last updated 1 hour 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…