Latest news with #DymonAsiaCapital
Business Times
6 days ago
- Business
- Business Times
Top Singapore hedge fund Dymon Asia Capital ramps up Asia hires as regional funds find favour
[HONG KONG] US hedge fund giant Citadel and Singapore's Dymon Asia Capital are adding talent in Asia, as they look to expand business in the region. Citadel hired Ran Wei from Sylebra Capital as a portfolio manager focusing on technology, media and telecommunications, according to sources familiar with the matter, its third starting this month in Asia at Ken Griffin's firm. As previously reported by Bloomberg News, ex-Point72 portfolio managers Doris Yang and Jerry Jiang will also start in August at Citadel's Hong Kong office. Yang will focus on China while Jiang will invest across consumer and TMT, one of the sources said. All three new hires will report to Sachin Kewalramani, Citadel's head of Asia fundamental equities. Regional platform rival Dymon is also growing with Hiroki Kawahara, Cicong Zhou and Wei Yan joining from JPMorgan Chase, Symmetry Investments and Infini Capital Management, respectively, according to sources familiar with the matter who asked not to be identified sharing private matters. Zhou and Kawahara, who trade macro and yen rates respectively, will start later this year, the sources said. Yan, a macro portfolio manager, commenced this week, according to his LinkedIn profile. Spokespeople for Citadel and Dymon both declined to comment. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Hedge funds are beefing up their presence in Asia and seeking to diversify their portfolios and sources of returns, as regional markets have chalked up strong gains. Both Singapore and Hong Kong, which are hubs for global money managers, recorded strong growth in total assets under management last year. Hedge fund assets under management in Singapore grew 37 per cent from a year earlier to S$327 billion at the end of 2024, while overall assets reached S$6.07 trillion. Citadel has been expanding in both cities. Its International Equities group, which covers Europe and Asia, has added three teams in Singapore over the past year, while its commodities business also added a team there. Dymon too has been growing across the region, as well as in the Middle East, after opening an office in Dubai. The Asia-focused hedge fund pod shop returned 9.75 per cent this year to July, outperforming many of its global peers. But the growth has not been universal. One of Singapore's longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a retreat by US investors in Asia led to a sharp drop in assets. BLOOMBERG
Bloomberg
6 days ago
- Business
- Bloomberg
Citadel, Dymon Ramp Up Asia Hires as Regional Funds Find Favor
US hedge fund giant Citadel and Singapore's Dymon Asia Capital are adding talent in Asia, as they look to expand business in the region. Citadel hired Ran Wei from Sylebra Capital Ltd. as a portfolio manager focusing on technology, media and telecommunications, according to people familiar with the matter, its third starting this month in Asia at Ken Griffin's firm.
Yahoo
16-07-2025
- Business
- Yahoo
Singapore managed assets soar, real estate drops to 5-year low
By Low De Wei and David Ramli (Bloomberg) — Real estate and real estate investment trust assets run by money managers in Singapore fell to their lowest levels in at least five years, according to a 2024 survey released on Tuesday (15 July) by the city-state's central bank. The country's total assets under management hit a new high of S$6.07 trillion (US$4.7 trillion) as of 31 December 2024, up 12 per cent compared to a year earlier, the report from the Monetary Authority of Singapore (MAS) showed. More than three-quarters of the funds were sourced from outside the country, and 88 per cent of the assets were invested globally. Property investments, which have been hit by higher interest rates and downturns in some key markets across the globe, were an overall loser. Managed real estate assets fell 6 per cent to S$158 billion at the end of 2024, and the amount overseen by REITs dropped by 15 per cent to S$115 billion from the previous year. The survey results come as Hong Kong, Singapore and the United Arab Emirates vie to be the dominant hub for financial services outside of Europe and the US. All have ramped up business incentives and logistical benefits in recent years, seeking to attract jobs and money from the world's biggest fund managers. The assets managed by hedge funds in Singapore rose 37 per cent to an all-time high of S$327 billion, as global firms from Citadel LLC to Jain Global LLC expanded operations in the city-state, as did local rivals like Dymon Asia Capital Pte. Private equity and venture capital assets also grew 20 per cent to hit S$789 billion. The MAS report said investments in private credit rose by more than a fifth year on year. There were 1,298 licensed fund management companies in Singapore at the end of 2024, up 48 from the previous year's total. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
28-04-2025
- Business
- Bloomberg
Dymon Hires Ex-Millennium Portfolio Manager Shao for Expansion
Dymon Asia Capital hired former Millennium Management portfolio manager Shao Ying, as it expands relative-value equity trading. Shao will head linear equity relative value, the Singapore-based investment firm, which oversaw $4.7 billion in assets by March, said in an email. She will spearhead efforts to build the business that seeks to profit from pricing gaps in the equity market, using strategies such as index rebalancing, merger arbitrage, index arbitrage and delta-one trading.
Bloomberg
24-04-2025
- Business
- Bloomberg
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.
