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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...