Ardon Gets Off The Ground With Family Office Seed

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.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.