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Dymon secures $1bn ADIC commitment amid team expansion

hedgeweek

3 weeks ago

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Singapore-based hedge fund manager Dymon Asia Capital has secured a commitment of about $1bn from Abu Dhabi Investment Council (ADIC), providing fresh capital for an expansion that spans commodities, London and several Asian markets, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the investment is expected to be deployed in tranches. For ADIC, the allocation forms part of a broader push to increase its exposure to hedge funds as it...

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