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Ex-SAC Capital Asia head Luo to join hedge fund Dymon
April 17, 2012 / 3:10 AM / in 6 years

Ex-SAC Capital Asia head Luo to join hedge fund Dymon

HONG KONG, April 17 (Reuters) - Singapore-based Dymon Asia Capital has hired former SAC Capital Asia head Jay Luo to oversee risk management and operations for its $2.85 billion hedge fund assets.

Luo will join as president and partner in June and be based in Hong Kong, Jason Eng, Dymon’s chief compliance officer, confirmed to Reuters in an e-mail, adding the appointment was subject to regulatory approvals.

Bloomberg first reported the news.

Luo has quit Steven A. Cohen’s $14 billion firm after ten years, two sources told Reuters on Friday, in one of the most high-profile departures for some years in the regional hedge fund industry.

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