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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...