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Hedge Fund Dymon Offers to Waive Key Fees Unless Returns Hit 5%

February 8, 2024

A Singapore hedge fund is offering a relatively rare, client-friendly fee structure for investors as capital inflows for  the industry slow and higher interest rates enhance the appeal of cash.

Dymon Asia Capital is creating a new share class as part of a $1 billion fundraising for its multi-strategy hedge fund, which includes a so-called hurdle rate. This means it won’t charge performance fees until investors in that share class have pocketed at least a 5% return for the year.

“Basically, at below 5% we don’t deserve to get paid,” Dymon founder and Chief Executive Officer Danny Yong said in an interview from his Singapore office.

To view this story in Bloomberg click here:

Hedge Fund Dymon Waives Performance Fees Until Target Met – Bloomberg

Categories: Newsroom

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