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