Leucadia Asset Management, a division of Jefferies Financial Group Inc. (NYSE: JEF), today announced a strategic relationship with Dymon Asia Capital and an investment in the Dymon Asia Multi-Strategy Investment Fund. In connection with the transaction, Leucadia Asset Management will acquire an economic interest in certain of Dymon Asia Capital’s strategies. Dymon Asia Capital is a leading Asia-focused alternative investment management firm managing strategies across public and private markets globally.
The new fund will invest in Asian equities, currencies and bonds through 26 of Dymon Asia Capital’s portfolio managers. In addition to being a cornerstone investor in this new fund, Leucadia Asset Management will provide certain services to Dymon Asia Capital. Dymon Asia Capital is led by Danny Yong, Chief Investment Officer and a founding partner of Dymon Asia Capital. Mr. Yong has over 24 years of experience trading FX, fixed income, and index futures in Asia. This strategic relationship with Dymon Asia Capital will allow Leucadia Asset Management to further tap into the growth of the Asian market and deepen its foothold in Asia.
"We are extremely excited to be joining forces with one of the best asset managers in all of Asia to help build-out this unique product. In particular, Dymon Asia Capital’s ability to recruit talent in the macro and equity spaces will add to their already robust roster of close to 30 portfolio managers for the new fund’s launch," commented Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management. "Dymon Asia Capital will be an integral part of the continued growth and evolution of Leucadia Asset Management and allows us to enter a new geography with a high-caliber partner and add to our existing diversified platform, including our multi-strategy relationships with Schonfeld, Weiss and Topwater."
Dymon Asia Capital’s Chief Investment Officer and Founding Partner, Mr. Danny Yong, said, "Dymon Asia Capital's strong Asian presence, combined with Leucadia Asset Management's wide distribution network in North America and Europe, make for a perfect match in this strategic relationship for the two firms from the East and the West."
About Leucadia Asset Management
Leucadia Asset Management offers institutional clients an innovative offering range of investment strategies through its affiliated asset managers. Leucadia Asset Management is a division of Jefferies Financial Group Inc. (NYSE: JEF).
About Jefferies Financial Group Inc.
Jefferies Financial Group Inc. is a diversified financial services company engaged in investment banking and capital markets, asset management and direct investing. Jefferies Group LLC, our principal subsidiary, is the largest independent, global, full-service investment banking firm headquartered in the U.S.
About Dymon Asia Capital
Founded in 2008, Dymon Asia Capital is a leading Asia-focused alternative investment management firm based in Singapore. The Singapore-headquartered firm has a core office in Hong Kong, managing strategies across public and private markets in Asia and globally.
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