Short-term nimbleness key to navigating volatile markets: Dymon Asia
Singapore
MARKETS today are buffeted by unprecedented macroeconomic conditions, and making money in the turbulence requires investors to be nimble and to distinguish long-term convictions from short-term opportunities, said Danny Yong, chief investment officer of Dymon Asia Capital.
At a time when hedge funds have come under pressure - the HFRX Global Hedge Fund Index has lost 0.6 per cent year to date and an annualised 1.1 per cent over the past 36 months - Singapore-based Dymon Asia has been a remarkable outperformer. The firm's US$3.2 billion flagship Dymon Asia Macro Fund has averaged an annualised total return of about 7 per cent since inception eight years ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations