Dymon Hedge Fund Positioned On Right Side Of Brexit Tops Peers

(Bloomberg) A top-performing hedge fund is sticking with wagers on a stronger yen and a weaker pound after the positions paid off following the U.K. referendum to leave the European Union. The Dymon Asia Currency Value Fund jumped an estimated 4 percent on the day the Brexit vote result was announced, and has gained 13 percent in the first half of this year for investors using less leverage, according to Gerald Chan, head of distribution for Dymon Asia Capital (Singapore) Pte. Fund investors willing to amplify bets through the use of borrowed money saw a 35 percent return in the six months, he said.

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