Dymon Asia Capital, whose assets Hedgeweek reported doubled between March and the summer this year, climbing to
Dymon Asia Capital, whose assets Hedgeweek reported doubled between March and the summer this year, climbing to around USD1.9billion last month, has hired a former Brevan Howard Asset Management trader reported Bloomberg. Rajesh Raman has been named as a managing director at the Singapore-based hedge fund, one of the region’s fastest growing hedge funds, and will join in December where he will focus primarily on trading foreign exchange and rates. Previously, Raman managed an Asian macro portfolio at Brevan Howard and formerly worked with Dymon CEO Danny Yong at JP Morgan Chase & Co. The fund’s asset growth is not only a function of having attracted capital from large US institutional investors but also of strong performance: the firm’s flagship Asia Macro Fund is up 17.8 per cent this year. The fund will hard close when it reaches USD2.5billion, which COO Willy Ballmann expects to happen in March. “In the early days it was mostly European-based fund of funds investors who had interest in us. Now it’s quite different. The balance has shifted towards the US and large institutional investors in general,” Ballmann was quoted as saying.
