Asia Hedge Funds Dymon, Modular Hold Onto 2026 Gains in Rout

Asia-based hedge funds Dymon Asia Capital, Modular Asset Management, and Alpine Investment Management retained 2026 gains despite geopolitical turmoil triggered by the Iran conflict. The funds outperformed broader markets amid March volatility, demonstrating resilience as regional tensions escalated into full-scale war. Their strategies—likely including macro hedging or quantitative models—shielded portfolios from the rout affecting global equities and commodities. The gains underscore Asia’s growing hedge fund sophistication, contrasting with Western peers facing steeper drawdowns during the crisis. Analysts attribute success to preemptive risk management and exposure to less volatile assets, though long-term impacts remain uncertain.