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Former SAC Capital Asia Head to Join Dymon Hedge Fund

Dymon Asia Capital (Singapore) Pte, the best-performing large hedge fund in Asia last year, hired Jay Luo, former head of SAC Capital Advisors LP’s Asia-Pacific operations, allowing Dymon’s founder to focus on investing.

Luo, 44, who headed the Asia office in Hong Kong for the $13 billion hedge fund run by Steven A. Cohen, will join Singapore-based Dymon as president and a partner in June, said Dymon founder Danny Yong. Luo will be based in Hong Kong, focusing on strengthening risk management and operations. The appointment is subject to approval from regulators, Yong said.