Wednesday, 23 July 2014
Last updated 1 hour ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…