(Bloomberg) Dymon Asia Capital (Singapore)’s currency hedge fund gained an estimated 22 percent in the first 25 days of November as bets on weaker Asian currencies paid off, with some investors making triple that gain by putting money into a highly leveraged version.
The profits extended returns made by the $714 million Dymon Asia Currency Value Fund this year to nearly 46 percent, said Gerald Chan, the firm’s Singapore-based head of distribution, citing estimates. The money manager’s $3.4 billion flagship Dymon Asia Macro Fund made an estimated 7.8 percent during the same period in November, taking this year’s return to 12 percent, he said.
