Wednesday, 26 November 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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