Dymon Asia

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Dymon Asia
TypePrivate
IndustryFinancial services
Founded2008; 13 years ago (2008)
FounderDanny Yong[1]
Keith Tan
Headquarters
Millenia Tower, 1 Temasek Avenue, Singapore
ProductsHedge fund
Private Equity
Venture Capital
AUMUS$5 billion (2020)[2]
Number of employees
170+[3]
Websitewww.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]

History[]

Dymon Asia was founded in 2008 by Danny Yong and Keith Tan.[4] Yong was previously a Managing Director at Citadel LLC and Head of Trading for South East Asian FX and Derivatives at Goldman Sachs.[1]

In August 2008, Paul Tudor Jones provided US$100 million of seed funding to Dymon Asia.[4]

In May 2014, Temasek Holdings invested US$500 million in Dymon Asia and also took a minority stake in the company.[5]

Business overview[]

Dymon Asia is an investment firm that invests in both the public equity as well as the private equity markets. It is headquartered in Singapore with additional offices in Hong Kong, Tokyo and London.[6]

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.[2]

In 2020, the US$1 billion Dymon Asia Multi-Strategy Investment Fund was launched.[7]

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.[8]

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.[9]

Private Equity Funds[]

Fund Vintage Year Committed Capital ($m)
Dymon Asia Private Equity (S.E. Asia) Fund[10] 2012 SGD 300
Dymon Asia Private Equity (S.E. Asia) Fund II[11] 2018 USD 450

Dymon Asia Ventures[]

In 2015,[citation needed] Dymon Asia Ventures was launched It is the venture capital arm of Dymon Asia and raised US$50 million in 2017 to invest in fintech companies.[12] In 2020, Dymon Asia Ventures was spun-off as a separate company to form Integra Partners.[13]

Notable investments include Capital Match[14] and QxBranch.[15]

References[]

  1. ^ Jump up to: a b Si, Peh Ying. "Danny Yong". 2021 Forbes Asia CEO Webinar. Retrieved 2021-04-30.
  2. ^ Jump up to: a b "Eleven Hedge Fund Traders Scored Big During Worst of the Crisis". BloombergQuint.
  3. ^ Jump up to: a b "A Standard Chartered head has just joined a star Singapore hedge fund". eFinancialCareers. 2019-08-28. Retrieved 2021-04-30.
  4. ^ Jump up to: a b hermes (2017-05-02). "Luck and gratitude a big part of the Dymon Asia success story". The Straits Times. Retrieved 2021-04-30.
  5. ^ "Temasek Invests in Dymon Asia to Start Hedge-Fund Platform". Bloomberg.com. 2014-05-12. Retrieved 2021-04-30.
  6. ^ "Contacts – Dymon Asia". Retrieved 2021-04-30.
  7. ^ "Dymon Plans New $1 Billion Asia Multi-Strategy Hedge Fund". BloombergQuint. Retrieved 2021-04-30.
  8. ^ "Others – Dymon Asia". Retrieved 2021-04-30.
  9. ^ "OVERVIEW". Dymon Asia Private Equity. Retrieved 2021-04-30.
  10. ^ Kumar, Nishant (2012-10-29). "Dymon launches private equity fund with Temasek unit's backing". Reuters. Retrieved 2021-04-30.
  11. ^ Limited, Bangkok Post Public Company. "Dymon closes DAPE II, raves about gains". Bangkok Post. Retrieved 2021-04-30.
  12. ^ "Dymon Asia announces first close of its debut $50M fund for fintech". TechCrunch.
  13. ^ DiBiasio, Jame (2021-01-27). "Will VC continue to back lending platforms?". Digital Finance. Retrieved 2021-06-09.
  14. ^ "SESAMi merges with Capital Match with funding from Dymon Asia, OSK Ventures". sg.news.yahoo.com.
  15. ^ "Morgan Lewis Advises Quantum Computing Software Leader QxBranch in $4.1 Million Financing". www.morganlewis.com.

External links[]

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