Asian Event-Driven Hedge Fund Launched by Ardon Maroon Fund Management

October 9, 2012 James Heinsman Hedge Fund News

Ardon Maroon Fund Management, based in Hong Kong, has begun a new hedge fund with its primary focus on Asian investments. The base capital was supplied by a European family office with the object in mind of benefiting from mergers and restructuring in the Asian marketplace.

The launch of the fund was inspired by a recent flux of Asian funds which are profiting from mergers and other activities like spin-offs and bankruptcies, which are known as ‘event-driven’ funds. These types of hedge funds have outperformed the average Asian hedge fund in 2012, gaining 5 percent on average, better than the 3.7 percent for the average Asian fund.

The fund managers are Frank Dominick, previously of Morgan Stanley, and Charles Woo, formerly of Lehman Brothers. They have begun trading with $26.5 million of seed money, and they have hired Mirza Rahman to be their chief operating officer.

Rahman was previously the COO at Artradis which was at one time the largest hedge fund based in Singapore, managing $4.9 billion at its height. The fund closed down in 2011.
 

Ardon Maroon Fund Management, Artradis, Charles Woo, event-driven fund, Frank Dominick,

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