Alphadyne Asset Management
| Company type | Private |
|---|---|
| Industry | Hedge fund, Investment management |
| Founded | 2005 |
| Founder | Philippe Khuong-Huu, Bart Broadman |
| Headquarters | New York City , United States |
Area served | Global |
Key people | Philippe Khuong-Huu (Founder), Bart Broadman (Founder) |
| Products | Global macroeconomic strategies, Fixed-income relative-value investing |
Alphadyne Asset Management (Alphadyne) is a hedge fund firm headquartered in New York City, specializing in strategies related to global macroeconomic trends and fixed-income relative-value investing.
The company maintains offices across several major financial centers, including London, Copenhagen, Tokyo, Hong Kong, and Singapore.
Background
Established in 2005 by Philippe Khuong-Huu, who previously led global interest rate products at Goldman Sachs, alongside Bart Broadman, former vice chairman for the Asia–Pacific region at JPMorgan Chase, Alphadyne's founding team also incorporated four partners from their prior institutions.
In recognition of its effective risk control during the 2008 financial crisis, Alphadyne was honored as hedge fund manager of the year by Risk magazine in October 2009.
In 2017, the firm separated its Asian division into Astignes Capital, a Singapore-based entity concentrating on economic developments in Asia, with Broadman appointed as chief investment officer.
The flagship Alphadyne International Master Fund experienced a 10% decline in 2021, impacted by a global short squeeze in bond markets and heightened interest rate speculation—this marked the fund’s first annual negative performance since 2006. By November 2021, losses had increased to 22%.
The Alphadyne Global Rates fund recovered in 2022, delivering a 17% gain. Concurrently, the firm bolstered its footprint in Asia, with approximately one-third of its investment personnel stationed there as part of its strategic expansion.
In November 2023, Alphadyne was targeted by the ransomware group LockBit, which claimed responsibility for a cyberattack and issued an unspecified ransom demand under threat of releasing data.
Amid the COVID-19 pandemic, Alphadyne launched the Alphadyne Foundation to provide grants aimed at supporting organizations within the arts sector.