Sunday, 31 August 2014
Last updated 1 day ago
Oct 9 2012 | 1:01pm ET
Left at the altar by one would-be seeder, Hong Kong-based Ardon Capital has found another.
The firm has launched its planned Asia-focused event-driven fund with US$26.5 million initial assets. Most of the money, US$25 million, comes from European family office Maroon Capital Asia, rather than from Pulse Capital Partners, which earlier this year had pledged to raise US$50 million for the vehicle.
It's unclear what went wrong with the Pulse arrangement. But in honor of its new patrons, Ardon founders Frank Dominick and Charles Woo have renamed their firm Ardon Maroon Fund Management, and have hired a chief operating officer, Mirza Rahman, who formerly held that post at Artradis Fund Management. In addition, James O'Hanlon has joined from Bank of America as a portfolio manager.
All told, Ardon Maroon has seven employees, Reuters reports.
The Ardon Asia Fund will invest primarily in Australia, China, Hong Kong, Korea and Singapore, but can invest in India, Indonesia, Malaysia, the Philippines and Thailand, as well.
Before setting up Ardon in 2010, Dominick was at Morgan Stanley and Woo was at Lehman Brothers.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...