Singapore-based Dymon Asia has reported its strongest monthly performance since the launch of its multi-strategy fund in February 2020, with the vehicle gaining 5% in January, according to a report by Financial News London.
The report cites an unnamed person familiar with the matter as revealing that the fund’s gains were driven by successful positions in Asian equities and foreign exchange, amid market volatility linked to geopolitical tensions and uncertainty over US interest rate cuts.
Dymon Asia’s multi-strategy fund now manages over $5bn, up from around $3bn a year earlier. The fund finished 2025 with an 18% gain, outperforming the hedge fund industry average of 12.5% for the year, the strongest annual return since 2009, according to HFR.
The fund’s FX positions benefited from a weaker US dollar, which fell more than 2% in January before recovering slightly at month-end, while the S&P 500 rose 1% for the month following mid-January declines.
