Dymon, Temasek In Seeding Deal

May 12 2014 | 4:29pm ET

Dymon Asia Capital and Singapore’s sovereign wealth fund have launched a new hedge-fund seeding operation.

Temasek Holdings will invest US$500 million in the program, to be run by Dymon’s Jay Luo and Ben Freischmidt. As part of the deal, Temasek will take an undisclosed minority stake in Singapore-based Dymon.

The seeder’s first investment will be in Port Meadow, a new equity long/short hedge fund planned by former SAC Capital Advisors trader Carl Vine.

“We are very excited to establish this relationship with Temasek,” Luo, a SAC veteran himself, said. “We share a long-term vision of working with the best managers and believe our proposition to managers and investors is unique.”

The relationship between Dymon and Temasek isn’t new: The SWF invested US$100 million with Dymon’s private-equity arm in 2012.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of