DANNY YONG

Yong graduated with first class honours in banking and finance from Nanyang Business School in 1997. He got his first break as an Asian currency derivatives trader at JP Morgan after a colleague pulled his application from the rejection pile.

He then spent almost six years at Goldman Sachs in Hong Kong and Tokyo and became head of trading for Southeast Asian foreign exchange and derivatives. From 2005 to 2007 he set up and ran Citadel's Asia macro trading business, then became a founding partner and chief investment officer of Hong Kong's Abax Global Capital.

In 2008 he co-founded Dymon Asia Capital with Keith Tan, and in August that year Tudor Investment Corp put in $123 million of seed money. By mid-2011 the firm managed about $1 billion, and its macro fund was the best-performing large hedge fund in Asia that year.

After a three-year stretch of underperformance he rebuilt Dymon as a multi-strategy platform. By May 2026 it managed about $7.5 billion.

Dymon Asia Capital (co-founder and CIO), which runs the Dymon Asia Macro Fund, a multi-strategy fund and a private equity arm that backs Southeast Asian mid-sized companies.

Yong runs an Asia-focused global macro strategy, making directional bets on currencies, rates, and markets across the region and beyond. His edge is deep knowledge of Asian foreign exchange and derivatives, built over years at Goldman and Citadel.

He trades with conviction and is willing to sit out or size down when he does not see an opportunity. The Dymon Macro Fund made its name by posting strong returns in years when most macro funds struggled, notably gaining about 20% in 2011 as rivals fell.

These days the firm is run as a multi-strategy platform, with Yong allocating money and risk across many portfolio managers rather than making every call himself.

Yong's standout year was 2011, when the Dymon Asia Macro Fund returned about 20% while most macro funds around the world lost money. That cemented Dymon's reputation.

The second win came later. After a rough patch he rebuilt Dymon around a multi-strategy fund, and assets grew to about $7.5 billion by May 2026, with the flagship up about 17% in 2024 and again in the mid-teens in 2025.

Building a firm from a crisis-era launch with Tudor seed money into a multi-billion-dollar franchise is the real long-run win.

He lost his touch for a while. After the strong early years, Yong went through a three-year stretch of underperformance as the main trader at his own firm.

Instead of grinding on, he changed the model. Dymon became a multi-strategy platform where he plays coach to a roster of portfolio managers rather than carrying the risk himself.

The comeback worked, but it is a reminder that even a star macro trader can go cold for years.

Yong believes investing rewards total commitment. He approaches trading the way he once approached competitive badminton.

He built Dymon around the idea that Asia deserved a serious homegrown macro fund rather than relying on Western giants. He values independence, which is why he left big firms to build his own.

In recent years he has stepped back from daily trading to coach and mentor Dymon's next generation of portfolio managers.

Yong keeps his family life private. Publicly he is known for his sporting background as a national-level badminton player rather than personal details, which he does not discuss in the press.

Yong studied at Catholic Junior College, where he competed in badminton at national level, then earned a first class honours degree in banking and finance from Nanyang Business School in Singapore in 1997. That finance grounding launched his trading career at JP Morgan.