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Ex-M.Stanley, Lehman execs launch hedge fund to bet on Asia M&A

Reuters – Hong Kong-based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia-focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

The launch comes as Asian funds that focus on mergers and activities such as spin-offs or bankruptcies, also called event-driven funds, have outperformed so far in 2012, rising 5 percent on average against the 3.7 percent gain overall for Asian hedge funds, data from industry tracker Eurekahedge showed.

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