Dymon Hires Brevan Vet As Assets Skyrocket

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."

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…