Asia Hedge Funds Dymon, Modular Hold Onto 2026 Gains in Rout

Hedge funds of Asia-based managers including Dymon Asia Capital, Modular Asset Management and FengHe Fund Management Pte. have managed to hold onto this year’s gains, even after the war against Iran sent shockwaves through markets.

Dymon’s $6 billion multimanager, multistrategy hedge fund lost 1.5% in the first week of March, trimming this year’s gain to 8.6%, according to a representative of the firm.