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European family office invests in Asia-focused fund

European family office Maroon has teamed up with a Hong Kong-based hedge fund to launch an Asia-focused portfolio.

European family office Maroon has teamed up with a Hong Kong-based hedge fund to launch an Asia-focused portfolio.

According to Reuters, the Asian investment vehicle of Maroon has invested $25 million (€19.4 million) in a hedge fund that will focus on making profits from activities such as mergers, sales and restructurings.

Called the Ardon Asia Fund, it has an initial capital of $26.5 million, with other outside investors providing $1.5 million.

Ardon will predominantly invest in Hong Kong, China, Singapore, Japan, Australia and South Korea, and will also reportedly look at opportunities in India, Indonesia, Malaysia, Thailand and the Philippines.

The fund will be managed by Frank Dominick and Charles Woo – previously at Morgan Stanley and Lehman Brothers, respectively.

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