The Dymon Asia Multi-Strategy Investment Fund (MSIF) seeks to generate absolute consistent uncorrelated returns with 5% volatility by allocating capital to a diversified group of dedicated portfolio manager specialists across different asset classes which include FX, Fixed Income/Rates, Equities, Credit and Commodities. Notional capital will be allocated to the respective portfolio managers, each of whom has a designated area of expertise. The structure is designed for there to be no significant overweight allocation to any individual portfolio manager to generate alpha from multiple sources.
The Dymon Asia Macro Fund (DAMF) is a discretionary global macro hedge fund trading highly liquid instruments including Asian and G10 currencies, interest rates and futures. The fund was launched by Danny Yong in August 2008 and the strategy is currently managed by a team of portfolio managers.
The Dymon Asia Alpha Overlay Fund (DAAOF) is comprised of both an ‘Alpha’ and ‘Beta’ component. The Alpha segment is generated through obtaining exposure to the strategy employed by the Dymon Asia Macro Fund (DAMF). The Beta piece is achieved through passive replication of an equity index through the use of derivatives, which can be selected by the investor.
The Dymon Asia China Absolute Return Bond Fund (CARBF) will take an active approach which will entail the use of interest rate derivates and foreign exchange products to manage a portfolio of Chinese sovereign and quasi-sovereign bonds to produce absolute returns.
The equity business seeks to combine Asia’s leading long-short investment talent with Dymon’s institutional-grade infrastructure and risk systems. The business was launched in May 2014 following a multi-year capital commitment from Temasek.
The Dymon Asia Select Equity Long-Short Portfolio Fund is thematic in nature. Principally GARP focused, the fund approaches core investment targets by studying and understanding structural shifts and disruptions in major industries. Nascent themes and ideas are generated on a constant basis and are backed up by bottom up research. Exposure is managed dynamically and tactically with top down inputs.
The Jadea Segregated Portfolio manages a Greater China-focused equity long-short strategy with an emphasis on capital preservation through active risk management. The strategy allocates capital to positions that are attractive relative to our expected value and follows a disciplined IRR approach on entry and exit prices, based on internal 1-year and 3-year IRR estimates.