The Grasshopper Global Multi-Asset Income Plus Growth Fund blends a traditional multi-asset strategy with up to 30% allocation to Grasshopper Asia’s low-latency, proprietary trading strategies, according to a statement by the firm.
Grasshopper Asset Management is a Monetary Authority of Singapore (MAS)-regulated fund management firm and the asset management arm of Grasshopper Asia, a market-maker and liquidity provider headquartered in the city state.
The fund, which is targeted at high net-worth individuals (HNWI), ultra-high net-worth individuals (UHNWI), family offices and institutional investors, aims to deliver low- to mid-double-digit returns and low correlation to the general market, with a Sharpe ratio of around three.
“The Grasshopper Global Multi-Asset Income Plus Growth Fund enables us to open our strategies to investors in a way that blends the benefits of a traditional multi-asset fund with outstanding trading performance,” said James Leong, chief executive officer, Grasshopper Asia.
Grasshopper Asia’s quantitative, algorithmic strategies have delivered over 200 consecutive months of profitable trading and have typically performed well during periods of market volatility, according to the firm.
It now trades in seven markets across five countries in futures and equities and is a designated market-maker on SGX.
The fund will be managed by Daniel Tan, director, portfolio manager at Grasshopper Asset Management, who joined the firm in January 2023.
Prior to joining Grasshopper Asset Management, Daniel was chief investment officer of JMC Capital Asset Management’s Singapore office, where he managed multi-asset and fixed-income long-short strategies with currency overlay.
