Dymon Asia

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Dymon Asia
Company type Private
Industry Investment management
Founded2008;17 years ago (2008)
Founders Danny Yong
Keith Tan
Headquarters
Millenia Tower, 1 Temasek Avenue, Singapore
Products Hedge fund
Private Equity
Venture Capital
AUM US$4.8 billion (2025) [1] [2]
Number of employees
170+ [3]
Website www.dymonasia.com

Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia. [3] [4]

Contents

History

2008

In 2008, Dymon Asia was founded by Danny Yong and Keith Tan. In August 2008, the Tudor Investment Corporation provided US$123 million of seed funding to Dymon Asia. [4] [5] Yong was founding partner and CIO of Abax Global Capital, a hedge fund in Hong Kong that was part-owned by Morgan Stanley. He previously was Head of Asia Macro and Relative Value Trading at Citadel LLC and Head of Trading for South East Asian FX and Derivatives at Goldman Sachs. [4] [5]

2009–2019

In August 2009, the firm separated from Abax Global Capital and was renamed to Dymon Asia. It started accepting capital from outside investors and launched the Dymon Asia Macro Fund (DAMF). Initially, it relied on European investors for half of its money but later raised capital from US investors and pension funds.[ citation needed ]

In October 2012, Dymon Asia founded its private equity business with the Dymon Asia Private Equity (S.E. ASIA) Fund. Heliconia Capital Management, a subsidiary of Temasek Holdings, committed S$100 million to the fund. [6]

In May 2014, Temasek Holdings invested US$500 million in Dymon Asia and took a minority stake in the company. The firm started the Dymon Asia Equity (DAE) Fund, focused on equity long-short strategies in the Asia-Pacific region. [7]

2020–Present

In February 2020, Dymon Asia received seed capital from Leucadia Asset Management, a division of Jefferies Financial Group, and launched the Multi-Strategy Investment Fund (MSIF). [8]

As of June 2025, the Dymon Asia MSIF manages US$3.5 billion in assets. [9]

Business overview

Dymon Asia is an investment firm that invests in both the public equity as well as the private equity markets. [4] It is headquartered in Singapore with additional offices in Hong Kong, Tokyo and London. [10]

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. [4]

In 2020, the US$1 billion Dymon Asia Multi-Strategy Investment Fund was launched. [11]

Aside from the two funds above, Dymon Asia also runs a China Absolute return Bond fund and the Jadea Segregated Portfolio, a Greater China-focused long-short equity fund. [12]

Dymon Asia Private Equity

In 2012, Dymon Asia Private Equity was founded as the Private Equity arm of Dymon Asia. It is focused on making investments in SME companies in Southeast Asia. [13]

Dymon Asia Ventures

In 2015, Dymon Asia Ventures was launched as the venture capital arm of Dymon Asia [14] and raised US$50 million in 2017 to invest in fintech companies. [15] In 2020, Dymon Asia Ventures was spun-off as a separate company to form Integra Partners. [16]

Notable investments include Capital Match [17] and QxBranch. [18]

References

  1. ↑ Jafar, Bilal. "Hedge fund Dymon Asia extends yearly gain to 8% amid volatile markets". www.fnlondon.com.
  2. ↑ "Dymon Portfolio Manager Tang to Leave After Hitting Loss Limit". Bloomberg.
  3. 1 2 "A Standard Chartered head has just joined a star Singapore hedge fund". eFinancialCareers. 28 August 2019. Retrieved 30 April 2021.
  4. 1 2 3 4 5 Ismail, Netty (7 July 2011). "Ex-Citadel Manager Boosts Dymon Hedge Fund Assets to $1 Billion". Bloomberg. Retrieved 15 July 2023.
  5. 1 2 Yahya, Yasmine (2 May 2017). "Luck and gratitude a big part of the Dymon Asia success story". The Straits Times. Archived from the original on 30 April 2021.
  6. ↑ Kumar, Nishant (29 October 2012). "Dymon launches private equity fund with Temasek unit's backing". Reuters. Retrieved 28 August 2025.
  7. ↑ Yamazaki, Tomoko; Hu, Bei (12 May 2014). "Temasek Invests in Dymon Asia to Start Hedge-Fund Platform". Bloomberg. Retrieved 30 April 2021.
  8. ↑ "Leucadia deepens foothold in Asia with Dymon Asia partnership". Private Banker International. 5 February 2020. Retrieved 28 August 2025.
  9. ↑ Ramli, David; Hu, Bei (24 June 2025). "Star Trader Who Lost His Touch Bounces Back as Hedge Fund Coach". Bloomberg. Retrieved 28 August 2025.
  10. ↑ "Contacts – Dymon Asia" . Retrieved 30 April 2021.
  11. ↑ "Dymon Plans New $1 Billion Asia Multi-Strategy Hedge Fund". BloombergQuint. 14 January 2020. Retrieved 30 April 2021.
  12. ↑ "Others – Dymon Asia" . Retrieved 30 April 2021.
  13. ↑ "OVERVIEW". Dymon Asia Private Equity. Retrieved 30 April 2021.
  14. ↑ "Singapore InsurTech Directory" (PDF). Retrieved 13 February 2023.
  15. ↑ Russell, Jon (9 March 2017). "Dymon Asia announces first close of its debut $50M fund for fintech". TechCrunch.
  16. ↑ DiBiasio, Jame (27 January 2021). "Will VC continue to back lending platforms?". Digital Finance. Retrieved 9 June 2021.
  17. ↑ Abudheen, Sainul (7 November 2018). "SESAMi merges with Capital Match with funding from Dymon Asia, OSK Ventures". sg.news.yahoo.com.
  18. ↑ "Morgan Lewis Advises Quantum Computing Software Leader QxBranch in $4.1 Million Financing". www.morganlewis.com.
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