Singapore’s 50 Richest
DANNY YONG: FUND STAR
Homegrown banker started his career with J.P. Morgan in Singapore two
decades ago and went on to work with Goldman Sachs in Hong Kong
and Tokyo as head of trading for Southeast Asian derivatives. Moved
from there to Citadel as managing director. He returned to Singapore in
2008, teaming up with his college buddy to start Dymon Asia Capital,
an acronym for Danny Yong Macro Opportunities Navigator. Just before
the global financial meltdown, he received $100 million from billionaire
hedge-fund titan Paul Tudor Jones and put in $13 million of his own
money. Jones’ investment put the fledgling Dymon—now with $5.7 billion
under management—on the hedge-fund map of the world and attracted
investors such as Singapore government-owned investment firm Temasek.
The flagship Dymon Asia Macro Fund has been a top performer and
earned Yong a spot in Forbes’ 25 Highest-Earning Hedge Fund Managers
in 2015 and 2017. JUSTIN CHIN/BLOOMBERG