Bullish stance on currencies pays off for Dymon Asia Macro Fund

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Taking a bullish stance on Asian currencies and some Asian equity indices while remaining bearish on the US dollar is proving to be a winning strategy for the Dymon Asia Macro Fund. This month, the macro fund is long Asian currencies as well as some equity indices, and by mid-month the fund performance is up by high single digits.

Dymon’s Danny Yong eschews the conventional view that a dip in US growth would automatically hit Asia hard, and sees clear signs that the decoupling that has been much-vaunted in the past is now really happening.

Asian currencies stand