Ex-SAC Asia Chief To Lead Risk Mgmt. At Dymon

Apr 17 2012 | 12:33pm ET

SAC Capital Advisors' former Asia chief has been named president of Singapore-based hedge fund Dymon Asia Capital, one of the region's largest.

Jay Luo will oversee risk management and operations for Dymon when he joins the firm in June. As at SAC, he won't manage any of Dymon's US$2.85 billion in assets, and his addition is subject to regulatory approval.

Hiring Luo will allow Dymon founder Danny Yong to spend more time managing money, he told Bloomberg News. Dymon's flagship macro hedge fund returned more than 20% last year but is down about 2% this year.

Luo will remain in Hong Kong. He spent a decade at SAC, running its Asia operations for six years after a stint at the firm's Stamford, Conn., headquarters, in risk management.

"Jay's risk-management experience is crucial in helping us to further refine and institutionalize our risk-management processes and controls, and continue to pursue our core focus of delivering performance through prudent monitoring and management of the investment portfolio and financial markets which we invest in," Yong told Bloomberg, which broke the news of Luo's hiring. "SAC is clearly one of the best hedge funds in the world with outstanding risk-management practices."


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.