Pulse Capital Partners LLC has teamed up with Hong Kong-based Ardon Capital Management to launch a new A
Pulse Capital Partners LLC has teamed up with Hong Kong-based Ardon Capital Management to launch a new Asia-focused event driven fund reported International Business Times. The Pulse-Ardon Asia fund is expected to commence trading in July. New York-based Pulse’s investment philosophy is one of identifying and partnering suitable hedge fund managers to help them grow and institutionalize their business. Ardon Capital was founded by Frank Dominick and Charles Woo last year who together have 28 years’ experience investing in Asia. Pulse themselves are newly formed, having been established in March this year by founding partners Thomas Middelhoff, Gary S. Long and Ibrahim Gharghour. The new fund will be launched using a comingled managed account structure. Primary markets will include Hong Kong/China, Taiwan, Japan, Korea, Singapore and Australia. These six markets, according to Dominick, offer greater alpha potential than other global markets “due to structural inefficiencies”.
Ardon’s Woo said that the fund would have a unique competitive advantage given the near-three decades of on-the-ground investing and extensive network that he and Dominick have developed, citing the fact that the Asian market is “very relationship driven”. “We have worked and lived in Hong Kong, Tokyo, Singapore and Seoul since 1995 and have developed the ability to directly source deal opportunities, something we believe is critical to successful investing in Asian events,” Woo said. Pulse Capital’s managing partner Gary S Long said: “With the combination of Pulse’s investment experience, risk management experience and global marketing reach paired with Ardon’s Asian experience, we have a great story to tell our global audience.” Dominick and Woo will head up a five-person investment team in Hong Kong.
