Hedge fund Dymon bucks the trend by expanding Hong Kong office
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Hedge fund firm Dymon Asia Capital is expanding its Hong Kong office in the Landmark commercial complex. The new office in Edinburgh Tower will be 7,000 sq ft and can accommodate more than 70 employees, double the capacity of its current office. The expansion comes at a time when Hong Kong is experiencing record premium office vacancies and declining rental rates. The vacancy rate for grade-A offices in Hong Kong reached an all-time high of 16.7% in March, and rents have declined for 20 consecutive quarters. Despite this, Dymon has chosen to expand in Hong Kong due to a growing pool of talent in the city. Hongkong Land Holdings Ltd, the owner of the Landmark commercial complex, saw its shares rise 3.6% in response to the news. Dymon plans to move into its new office in the early fourth quarter.

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