Temasek invests $500m in Dymon Asia

It'll back new hedge fund managers.

Accordng to Bloomberg, Temasek Holdings Pte, the Singapore state-owned investment company, will start a venture with Dymon Asia Capital (Singapore) Pte to back new hedge fund managers and strategies as it becomes a minority stakeholder in the firm.

Temasek committed $500 million initially that will be managed by Dymon, said in an email statement.

Read full report here.

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