Dymon Asia is an Asia-focused investment management firm based in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

. It is considered one of the largest

hedge funds A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as sho ...

in Singapore and Asia.

History

Abax Dymon was founded in 2008 by Danny Yong and Keith Tan. Yong was founding partner and CIO of Abax Global Capital, a hedge fund based in Hong Kong that was part-owned by

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

. He previously was a Managing Director at

Citadel LLC Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth C. Griffin, it has more than $50 billion in assets under management . The company ...

and Head of Trading for South East Asian FX and Derivatives at Goldman Sachs. In August 2008, the

Tudor Investment Corporation Tudor Investment Corporation is an American investment firm based in Stamford, Connecticut. The firm invests in both Public equities, public and Private equity, private markets globally. Background In 1980, Paul Tudor Jones founded the Tudor ...

provided US$123 million of seed funding to Dymon Asia. In August 2009, the firm separated from Abax Global Capital and was renamed to Dymon Asia. It also stated accepting money from outside investors. Initially it relied on European investors for half of its money but later gathered capital from US investors and pension funds. In May 2014,

Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...

invested US$500 million in Dymon Asia and also took a minority stake in the company.

Business overview

Dymon Asia is an investment firm that invests in both the

public equity A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

as well as the

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

markets. It is headquartered in

with additional offices in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and List of cities in Japan, largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, ...

and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

. Its flagship fund is the Dymon Asia Macro Fund which held US$2 billion assets under management and had a return of 37% in the first quarter of 2020. In 2020, the US$1 billion Dymon Asia Multi-Strategy Investment Fund was launched. Aside from the two funds above, Dymon Asia also runs a China Absolute Return

Bond Fund A bond fund or debt fund is a fund that invests in bonds, or other debt securities. Bond funds can be contrasted with stock funds and money funds. Bond funds typically pay periodic dividends that include interest payments on the fund's underlyi ...

and the Jadea Segregated Portfolio, a Greater China-focused long-short equity fund.

Dymon Asia Private Equity

In 2012, Dymon Asia Private Equity was founded as the

Private Equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

arm of Dymon Asia. It is focused on making investments in

SME SME may refer to: Economics * Small and medium-sized enterprises * Socialist market economy, an economic system of China Organizations Music * SME Limited, UK audio turntable manufacturer * Sony Music Entertainment, US * Spontaneous Music Ensembl ...

companies in Southeast Asia.

Private Equity Funds

Dymon Asia Ventures

In 2015, Dymon Asia Ventures was launched as the

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

arm of Dymon Asia and raised US$50 million in 2017 to invest in

fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

companies. In 2020, Dymon Asia Ventures was spun-off as a separate company to form Integra Partners. Notable investments include Capital Match and QxBranch.

References

External links

Official website

Private Equity website
{{DEFAULTSORT:Dymon Asia Investment management companies of Singapore Hedge funds Financial services companies established in 2008 2008 establishments in Singapore Private equity firms of Singapore