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

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