Q1 & Q2-2021 Swiss-Asia Communication

21 August 2021

Q1 & Q2-2021 Swiss-Asia Communication

The first half of 2021has flown by without much change to the main discussion topic being the never-ending global pandemic concerns but many countries have decided to "let loose" for the summer and free up travel for people to go on that much needed holiday.

Vaccine programmes have been pushed forward aggressively in the developed countries, some of the biggest fiscal and central bank stimulus ever seen, Oil's, stocks?are on course for their second best H1 since 1998, adding to that another wild run for bitcoin, digital art selling for tens of millions of dollars despite being free on the internet and major gyrations in government bond markets and you start to get the picture.

The total hedge fund assets edged toward $4 trillion during the first half of this year as investors seek a safe haven from inflationary risk.?Many large institutional investors have made shifts to their portfolios on the margin to counteract potential near-term inflationary issues with alternatives benefiting. Performance has been quite mixed though with Equity Long leading the way for the first half of the year.?As we see from the top ten Swiss-Asia Platform Funds performance has been strong across asset classes over the period.

What’s next in 2021 and beyond ?

?SWISS-ASIA HEDGE FUND PLATFORM PERFORMANCE UPDATE

NEW PLATFORM FUND LAUNCHES

We have had three new launches during Q2-2021. All three Singapore VCCs.?This brings our VCC launch count to 4 with another 5 in the pipeline for later this year.

Harmonic Quantitative Fund VCC is a market-neutral alpha fund that trades the US markets, dedicated to making investment decisions solely based on mathematical and statistical methods. The fund is managed by?Alfred?Hidayat, whose first job after graduating from UC Berkeley in 2007 was to work as a trader at a quant fund in New York. From 2010 till 2021, he has been successfully running a Family Office that also focuses on the same strategy. Alfred decided to launch his own fund to let investors in on his trading strategy.?

KHEOX Fund VCC was sponsored by Kheox Consulting which was?founded by Jonas Jaeggi. Born and raised in Switzerland with a Masters Degree from Lausanne University. He has over 20+ years of experience in the field of marketing and wealth management having worked in a renowned?Swiss?private bank. KHEOX Consulting has mandated Swiss-Asia to launch the KHEOX Fund VCC instead of going mainstream traditional Luxembourg SIF route. Kheox Consulting headed by Jonas has been appointed as the Investment Advisor of the fund.?KHEOX Fund VCC targets to deliver a mid-single digit performance net of fees. To achieve this target, KHEOX will run an Event Driven strategy and will rely primarily on M&A and market neutral strategies. The main target is listed confirmed M&A deals around the world to capture the remaining market spread. On the market neutral bias, we will use diverse market neutral funds to secure gains during market breakdowns or corrections.?

Bonham Strand Inception Fund VCC is a global equities fund with a high-conviction, concentrated approach to investing in high-growth companies.?The Fund’s objective is to deliver aggressive capital appreciation by investing in young companies with returns potential comparable to top quartile venture funds.?The emphasis is on businesses listed on US markets from 1-5 years since IPO.?Positions are selected based on deep quantitative and qualitative due diligence.?Portfolio allocation and market exposure is based in large part on proprietary models. The principals of the Fund are Lonnie Ngan-Sallay, its Chief Investment Officer, and?Andrew?W. Sallay who is spearheading the fundraising effort.?Lonnie is a very experienced investor with a professional background in capital markets and an educational background in analytical finance, business economics and accounting/auditing.?She holds business degrees from the University of Chicago and the Wharton School.?Andrew?is an entrepreneur with a professional background in private equity and an MBA from the?University of Chicago. He has a track record of heading companies and projects in SE Asia and is currently a capital advisor to a number of start-ups and ventures.?

WEALTH PLATFORM UPDATE?

We are proud to announce that we have 3 new joiners on our Wealth Platform in the first half of 2021.?

Jess Wee joins us from Deutsche Private Bank and brings with her 20 years of Private Wealth and family office experience.?

Emmanuel Hammer joins from BNP Paribas Private Bank. Emmanuel has over 25 Years of Private Wealth experience of which 22 years in Asia servicing a sophisticated Asian Based clientele. Emmanuel started his career in Wealth Management in 1994 in Geneva. He relocated to HK in 1999 before moving to Singapore in 2013. He has worked for various global banks, such as JPMorgan, Credit Suisse and Citibank before BNP. ?Emmanuel obtained a Master’s Degree in Economic History in 1994 and the CFA charter holder designation in 2006.

Sun Jen Choy joins us from Bank of Singapore and has over 15 years of experience in managing private client assets. Sun Jen has significant experience in money market, foreign exchange, fixed income and equity derivatives within global markets. He has undisputable extensive experience managing and advising multi-asset-class client portfolios throughout diverse economic cycles. Sun Jen is a Chartered Financial Analyst (CFA).

On behalf of the Swiss-Asia team, I would like to again welcome all the new comers and thank all our Managers and support team for their dedication and hard work.

Written by Steve Knabl, COO & Managing Partner