Paridon CIO Berg Quits

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.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.