A non-
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-symmetric Hamiltonian system of a Duffing oscillator coupled to an anti-damped oscillator with a variable angular frequency is shown to admit periodic solutions. The result implies that
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-symmetry of a Hamiltonian system with balanced loss and gain is not necessary in order to admit periodic solutions. The Hamiltonian describes a multistable dynamical system—three out of five equilibrium points are stable. The dynamics of the model is investigated in detail by using perturbative as well as numerical methods and shown to admit periodic solutions in some regions in the space of parameters. The phase transition from periodic to unbounded solution is to be understood without any reference to
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-symmetry. The numerical analysis reveals chaotic behaviour in the system beyond a critical value of the parameter that couples the Duffing oscillator to the anti-damped harmonic oscillator, thereby providing the first example of Hamiltonian chaos in a system with balanced loss and gain. The method of multiple time-scales is used for investigating the system perturbatively. The dynamics of the amplitude in the leading order of the perturbation is governed by an effective dimer model with balanced loss and gain that is non-
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-symmetric Hamiltonian system. The dimer model is solved exactly by using the Stokes variables and shown to admit periodic solutions in some regions of the parameter space.