Singapore-headquartered private markets exchange ADDX has listed a global macro hedge fund from well-known hedge fund manager Chua Soon Hock.
ADDX utilised blockchain and smart contract technology to reduce the minimum subscription size from US$1m to US$20,000 for investors, while the fund trades exclusively in highly liquid exchange-listed futures and options, allowing it to offer investors a monthly redemption option with no lock-in periods.
The Asia Genesis Macro Fund is an Asia-focused global macro hedge fund strategy from Chua Soon Hock, who ran the Japan Macro Fund until 2009 when he decided to take a break to manage his own money. He launched Asia Genesis in May 2020.
Asia Genesis seeks to achieve investors’ twin goals of capital preservation and positive annual compounding. Net return for 2022 was +15.3% on a Sharpe Ratio of 1.2.
“2020 to 2030 will be unlike any of the past four decades from 1980 to 2020, when the bull markets were sustained and prolonged,” said Chua.
“This new era is marked by rising uncertainty, geopolitical tensions, supply chain challenges, trade war, military build-up, as well as the cumulative effects of huge money supply trends leading to rising inflationary pressures and interest rates.”
“The fund strategy is designed to be ‘all-weather’, to achieve investors’ twin goals of capital preservation and positive annual compounding, with low downside volatility and steady consistency regardless of market conditions.”
“As investors continue to face uncertainty in the financial markets, the value proposition of hedge funds has become more compelling. ‘All weather’ funds like Asia Genesis have a strategy designed to bring in uncorrelated returns across market cycles,” said Oi-Yee Choo, CEO of ADDX.
“Amid a broader reallocation towards alternatives by both institutions and mass affluent investors, technology is likely to be an important driver of growth for the hedge fund asset class in the coming years because it reduces the barriers to entry for investors.”
“Individuals can now gain appropriately-sized hedge fund exposure for the very first time with a US$20,000 entry ticket, enhancing the diversification of their overall portfolios.”
ADDX utilises blockchain and smart technology to fractionalise investments, thereby reducing minimum investment sizes and widening investor access to private markets. Asset classes available on ADDX include private equity, hedge funds, venture capital, private credit, real estate, debt, and structured products.