Hedge Fund Firm Polymer Boosts Assets by $1.7 Billion in 2022

A Hong Kong-based hedge fund firm led by a former Asia head of Point72 Asset Management LP boosted assets by $1.7 billion in 2022, defying the outflows seen globally and regionally amid volatile markets.

Polymer Capital Management’s assets hit $4.3 billion, according to a person with knowledge of the matter, who asked not to be identified as the information is private. That represents a 65% jump from the amount at the end of 2021 disclosed by minority shareholder PAG Holdings Ltd. in a draft share sale document earlier this year.

Polymer is a regional answer to the so-called hedge ...