Thursday, 2 April 2015
Last updated 12 hours ago
Nov 17 2011 | 12:16pm ET
One of Asia's fastest-growing hedge funds has added a former Brevan Howard Asset Management trader to help it run its newfound billions.
Dymon Asia Capital named Rajesh Raman a managing director, Bloomberg News reports. He'll start at the Singapore-based fund, which has seen its assets under management soar by more than US$1.5 billion since it reopened to investors in January, next month.
Raman managed an Asian macro portfolio at Brevan Howard before stepping down to become an adviser to the fund. He joined Brevan in 2008, the same year that Dymon launch its Asia Macro Fund, from the Rohayton Group. He formerly worked with Dymon CEO Danny Yong at JPMorgan Chase & Co.
Dymon is preparing to hard-close the Asia Macro Fund at US$2.5 billion—a level that chief operating officer Willy Ballmann expects to reach in March. But inflows, primarily from large U.S. investors, are only part of the asset growth story: Dymon's flagship had returned 17.8% this year.
"In the early days, it was mostly European-based fund of funds investors who had interest in us," Ballmann told Bloomberg News. "Now, it's quite different: The balance has shifted towards the U.S. and large institutional investors in general."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…