Dymon Portfolio Manager Tang to Leave After Hitting Loss Limit

Dymon Asia Capital portfolio manager Hans Tang is leaving the Singapore-based hedge fund after his merger arbitrage pod hit its loss limit and was stopped out by the firm, according to people familiar with the matter.

The manager joined the firm in May 2024 after a stint at competitor hedge fund platform Millennium Capital Management, according to Singaporean regulatory filings. Tang previously worked at UBS Group AG.

Tang and Dymon Asia Capital, which managed $4.7 billion as of March, declined to comment.

The closing of Tang’s pod comes as global markets - and merger efforts - have been roiled by ...