S’porean hedgie runs into choppy waters

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

S’porean boy makes it big time among hedgies

Mr. Yong’s Dymon Asia Capital, based in Singapore, has expanded to oversee $2.85 billion after starting in 2008 with $100 million from the Tudor Investment Corporation, Bloomberg News reports.

http://www.bloomberg.com/news/2012-03-27/no-time-for-pity-as-yong-rises-to-top-of-asia-hedge-funds.html