Singapore’s Dymon Asia Hedge Fund Opens First Regional Office in Dubai

Dymon Asia Capital, a USD 3 billion multi-strategy hedge fund, has officially opened its first office in the Middle East, marking a significant expansion into the region. Located in Dubai, the office is the fund’s ninth globally and aims to tap into the growing investment opportunities and talent pool in the region.

The new Dubai office was established following the fund’s acquisition of a category 3C license from the Dubai Financial Services Authority (DFSA). The move aligns with a broader trend of international hedge funds establishing operations in the Middle East, driven by Dubai’s tax-free status and business-friendly environment.

Additionally, the time zone allows for seamless trading across Asian, European, and U.S. markets during regular office hours, which is particularly beneficial for portfolio managers managing global strategies.

Dymon Asia joins other major hedge funds, such as Balyasny Asset Management and ExodusPoint Capital Management, which have recently expanded into the Middle East.