Dymon, Pinpoint Funds Post Best Monthly Returns Since 2020

Hedge funds of Dymon Asia Capital and Pinpoint Asset Management Ltd. posted their biggest monthly gains in years after Asian stocks surged.

Dymon’s $5 billion multistrategy, multi-manager hedge fund gained an estimated 5.03%, the strongest month since the Singapore-based firm merged its equity and macro hedge funds into one in February 2020, according to the company. The 4.8% surge in a similar $1.4 billion fund overseen by Pinpoint is the biggest since July 2020, said Managing Director Jennifer Wong, citing preliminary numbers.