Singapore based fund management Swiss-Asia has unveiled new funds on the fund management platform as it expands its hedge portfolio, joining forces with Hong Kong’s Splendor Capital Management and France’s Twenty First Capital.
Swiss-Asia will help manage Splendor’s Credence Global Fund, and at the same time become the sub-investment manager for Twenty First’s IndiAsean Fund.
Credende Global Fund is reported to have a total of assets under management (AUM) worth $150 million, with eight years of audited track record and an annualized performance of +18.9 per cent.
The fund will be managed by Chief Investment Officer Ruhong Huang and Head of Trading Iris Huang, using the method of relative value trading – the process of identifying and capturing likely changes in the price relationship between related or similar assets in the same or different markets.
“With this investment strategy, we have achieved stable, absolute rates of return while minimizing the risk of capital loss through relative value commodity and financial trading in and among China, the US and other world markets,” said Huang in a statement.
Meanwhile, Swiss-Asia and Twenty First have hired Wen Zhang Goldberg as the Portfolio Manager of the IndiAsean Fund, who will adopt an informed yet opportunistic approach towards managing the fund. Combining top-down and bottom-up analysis, IndiAsean Fund will look for absolute performance in equities listed in India and ASEAN.
In line with expanding the fund management platform in Singapore and Hong Kong, Swiss-Asia also hosts Cap Introduction events in both cities, providing more investor access to rising alternative funds in Asia. Earlier in April, the company hosted the first Cap Intro event in Singapore, which recorded full capacity for accredited and institutional investors.
Chief Operating Officer and Managing Partner at Swiss Asia Steve Knabl said, the company intends to continue expanding its operating platforms as investors interests gain momentum across Asia.
“We try to do this by helping more independent fund managers achieve investor confidence by offering robust frameworks in hedge funds operations,” said Knabl.
Swiss-Asia provides incubation services to entrepreneurial finance professionals in Singapore and Hong Kong, independent investors, consultants and fund managers.