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Temasek Holdings to invest in hedge funds with Dymon Asia Capital

Published on May 12, 2014 11:03 AM
 
Temasek will initially invest $500 million to be managed by Singapore-based Dymon. -- ST FILE PHOTO: TAN SUAN ANN

SINGAPORE - Temasek Holdings and Dymon Asia Capital are starting a venture to invest in new hedge-fund managers and strategies, according to news reports on Monday.

The state investment company will initially invest $500 million to be managed by Singapore-based Dymon, one of Asia's largest hedge funds, Dymon president Jay Luo told Bloomberg.

Mr Luo and Dymon managing director Ben Freischmidt will be leading the new venture, whose first investment will be in a global equity long-short hedge fund focused on the Asia-Pacific region, the Bloomberg report said.

The fund is led by Carl Vine, a former SAC Capital Advisors manager, and plans to start in the third quarter.

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