Paridon Asia Pte targets USD100 million for Asia Macro fund
Singapore-based Paridon Asia Pte, founded by ex-ABN Amro executive, Robert van Paridon, is gearing up to raise USD100 million in new assets over the next six months for its Paridon Asia Macro Fund, reports Finalternatives. The fund launched in May with USD11 million in principal capital. The plan now is to ramp up marketing by approaching pension funds, endowments and insurance companies. Van Paridon aims to grow the fund to USD250 million within two years. “Asia is still under-represented in terms of asset allocation in investors’ portfolios globally,” van Paridon told Bloomberg. “I see a pool of money growing for investments in Asian hedge funds and macro is one that investors are interested to increase their allocations to.” Capital raising will begin at the end of this month.
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