Deals
Ex-Citadel Manager Boosts Dymon Hedge Fund Assets to $1 Billion
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Dymon Asia Capital, which started a hedge fund in 2008 with capital from Tudor Investment Corp., has doubled its assets under management since March to more than $1 billion after its Asian macro fund outperformed peers.
The Dymon Asia Macro Fund, which has assets of around $900 million, gained more than 13 percent this year through June, Chief Executive Officer Danny Yong said in an interview. The Singapore-based firm also manages the Dymon Asia Currency Value Fund, which is open only to existing investors in its macro fund, said Yong, who previously set up and ran Citadel LLC’s Asia macro trading business.