Dymon Portfolio Manager Tang to Leave After Hitting Loss Limit
Dymon Asia Capital portfolio manager Hans Tang is leaving the Singapore-based hedge fund after his merger arbitrage pod hit its loss limit and was stopped out by the firm, according to people familiar with the matter.
The manager joined the firm in May 2024 after a stint at competitor hedge fund platform Millennium Capital Management, according to Singaporean regulatory filings. Tang previously worked at UBS Group AG.
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SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX McCormick and other lawmakers described it as a joint effort between multiple levels of government and parties to bring the investment to the state. 'We have all the ingredients for Pennsylvania's rebirth, all the ingredients to put Pennsylvania at the very top,' McCormick said. Labor leaders in attendance celebrated the 'thousands' of jobs this project will create for the construction industry. Although Pennsylvania's workforce was at the forefront of the discussion on Monday, Shapiro also said these jobs also show that the state can lead on national security issues. 'Right now, there is a battle for supremacy when it comes to AI, a battle that will be won by either the United States or China,' Shapiro said. 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