Hedge fund Dymon Asia shifts partner Cyril Brudy to Dubai

March 4, 2025

Brudy will lead Dubai operations as senior executive officer
By Bilal Jafar

Singapore-based hedge fund Dymon Asia Capital has moved partner and senior portfolio manager Cyril Brudy to Dubai.

Brudy, who has been with Dymon Asia since 2015, will become senior executive officer at the firm’s Dubai International Financial Centre-based office, according to people familiar with the matter.

Dymon Asia opened an office in Dubai last year after securing registration from the Dubai Financial Services Authority in October.

The hedge fund has five portfolio managers in the emirate including Anuj Mehrotra, who joined the Dubai office from Millennium in the fourth quarter of 2024.

Dymon Asia has around $4.8bn in assets under management, making it one of the biggest multi-strategy hedge funds in Asia.

MORE ON DUBAI

Hedge fund Eisler Capital receives regulatory approval in Dubai.
Dubai continues to gain popularity among global hedge funds hunting lower taxes, favourable time zones for trading and access to capital. The total number of hedge funds registered in Dubai International Financial Centre jumped 50% last year to 75.

Other high-profile hedge funds that entered Dubai in 2024 include Walleye Capital, JJJ Capital, Tudor, Taula Capital and Eisler Capital.

Multi-strategy hedge fund Walleye Capital relocated portfolio manager Rupert Graham from Switzerland to Dubai last year to run a systematic options strategy, according to people familiar with the matter.

Dubai’s neighbouring emirate Abu Dhabi has also attracted some high-profile hedge funds in recent years. Marshall Wace, which manages $69bn in assets, opened an office in the UAE’s capital last year.

Chris Hohn’s TCI Fund Management established what it called a “strategic presence” in Abu Dhabi in 2023 and relocated its global head of investor relations Bronwyn Owen to the emirate.

Write to Bilal Jafar at bilal.jafar@dowjones.com

Do you have a story for Financial News? Get in touch confidentially at tips@financialnews.co.uk

October 6, 2025

Dymon Digs Into the Hedge Fund Talent War

President and co-Head of Equities Jay Luo joined Bloomberg’s Asia Centric podcast to discuss Asia’s multistrategy hedge fund landscape and what it takes to build and sustain a high-calibre investment platform that nurtures top talent.

August 6, 2025

Citadel and Dymon Ramp Up Asia Hires as Regional Funds Find Favor

Multistrategy firms Citadel and Dymon Asia Capital are ramping up hiring in Asia, reflecting growing confidence in the region’s markets and a broader hedge fund push amid improving conditions and rising investor interest.

June 24, 2025

Star Trader Who Lost His Touch Bounces Back as Hedge Fund Coach

Dymon’s Founder and CIO, Danny Yong, told Bloomberg how he rebounded from setbacks to build an Asia-focused, multistrategy “money-making machine,” shifting from risk-taker to coach to empower his portfolio managers.

April 28, 2025

Dymon taps ex-Millennium PM as linear equity RV head

Dymon Asia has hired ex-Millennium PM Shao Ying as Head of Linear Equity Relative Value, continuing its recent expansion with several new portfolio manager hires.

April 4, 2025

Dymon taps macro duo from Astignes, Southern Ridges

Dymon Asia added macro PMs Saleh Zaidi and Akshat Sinha, part of eight hires this year, bringing its PM count to 70. The flagship fund rose 1.3% in March, with YTD gains at 2.8%.

April 3, 2025

Balyasny Tops Millennium and Citadel During February Turmoil

Balyasny led top hedge funds in February with a 0.9% gain, outperforming Citadel and Millennium as U.S. stocks fell and Asian and European markets rose.