Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Ardon Capital teams with Pulse to launch Asia Fund

Wednesday, May 04, 2011
Opalesque Industry Update – Pulse Capital Partners, LLC (“Pulse”), which identifies and partners with next generation hedge fund managers to institutionalize and accelerate their growth, announced a partnership with Hong Kong-based asset manager Ardon Capital Management Ltd. (“Ardon”) to launch an Asia-focused event-driven fund. The new fund will be called the Pulse-Ardon Asia Fund (“Pulse-Ardon”) and is anticipated to launch in July 2011.

Ardon was founded in 2010 by Frank Dominick and Charles Woo, experienced Asia investors who have a combined 28 years of experience investing in the region. The two have worked together for eight years, most recently at a multi-billion dollar hedge fund employing a similar investment strategy. Pulse-Ardon will invest primarily in Hong Kong/China, Korea, and Japan as well as Taiwan, Singapore Australia and more opportunistically across the region. It will be launched as a commingled managed account fund and will be managed on a low-beta basis with extensive risk management and monitoring at every level.

“Pulse-Ardon sees tremendous alpha-generating opportunities in Asian markets,” said Dominick. “We have identified six countries whose markets are liquid and offer greater alpha potential than other global markets due to structural inefficiencies. The fund’s investment strategy will focus on liquid instruments and will isolate situational alpha by actively hedging the equity market exposure of its positions.”

“The Asian market is very relationship driven and the extensive network that we have cultivated over nearly three decades of on-the-ground investing across Asia affords Ardon a unique competitive advantage,” said Woo. “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.”

“Institutional investors around the world are allocating more capital to Asian opportunities,” said Pulse Managing Partner Ibrahim Gharghour. “Pulse-Ardon will offer investors access to an experienced team deploying a pure alpha strategy focused on the pan-Asia region.”

Pulse-Ardon has created comprehensive investment guidelines that will help contain drawdown risk by establishing position limits, exposure limits and liquidity parameters as well as mandating a hard-wired stop-loss discipline – protections put in place in response to investor demands for greater discipline after the market turmoil of 2008.

“With the combination of Pulse’s investment expertise, risk management experience, and global marketing reach paired with Ardon’s Asian expertise, we have a great story to tell our global audience,” said Pulse Managing Partner Gary S. Long. “By operating as a commingled managed account fund, Pulse-Ardon will give investors the enhanced levels of risk monitoring and transparency they require in today’s investment environment.”

Ardon’s managing partners have originated and executed more than $3 billion in Asian corporate transactions and have deep experience investing in Asia across different markets, sectors, trade types and financial instruments. Dominick and Woo will lead an experienced five-person team based in the firm’s Hong Kong headquarters.

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n