Temasek Holdings Supports Asian Hedge Funds

Singapore’s Temasek Holdings is keen on backing emerging managers and hedge funds. The sovereign wealth fund is interested in nurturing Singapore’s financial sector and supporting local asset managers. Singapore-based Dymon Asia Capital (Singapore) Pte received a commitment of US$ 500 million from Temasek to jointly invest in hedge funds. Temasek will get a minority stake in Dymon and Dymon’s gets the financial support of a sovereign wealth fund investor. The capital will seed new fund managers and strategies and take care of non-investment functions for the seeded managers. Dymon President Jay Luo and Managing Director Ben Freischmidt will lead the new venture for Dymon. Dymon has branched out its business from a global macro hedge fund to starting a currency fund, private equity fund and now a seeding platform.

The venture’s first investment will fund the Port Meadow Fund, an Asia-focused long/short equity hedge fund located in Oxford.

Dymon is one of Asia’s largest hedge funds and recent success stories in terms of investment performance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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