atans1

S’porean hedgie runs into choppy waters

In Financial competency on 20/04/2012 at 6:33 pm

Dymon Asia Macro Fund — which tries to profit from macroeconomic trends by punting on bonds, currencies, stocks and commodities — has lost about 2% this year. A Eurekahedge Pte index that tracks macro funds in Asia gained 1% through March, after returning 0.6%  in 2011.  So Dymon is recruiting a former head of SAC(another hedgie)’s, Asian office, to manage risk mgt and operations so that the Yong, the founder and boss of Dymon, can focus on making money again.

http://www.bloomberg.com/news/2012-04-16/former-sac-capital-asia-head-to-join-dymon-hedge-fund.html

Yong’s background: true blue S’porean. Let’s wish him well.

http://atans1.wordpress.com/?s=Dymon

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