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Swiss-Asia’s rising alternative funds sustain growth despite global economic slowdown

Wednesday, November 02, 2016
Opalesque Industry Update - Swiss-Asia Financial Services (Swiss-Asia), Singapore’s independent financial services platform which provides dedicated incubation services to hedge funds, announced that rising alternative funds incubated on the platform has sustained growth despite global economic slowdown.

Mr. Steve Knabl, Chief Operating Officer and Managing Partner at Swiss-Asia Financial Services*, said, “Although Asia hedge funds are opening at a slower pace, the selective outperforming funds operating on the Swiss-Asia platform are facing a steady upwards growth trajectory. By cushioning high operating fees, we want to continuously provide entrepreneurial finance professionals with the best possible independent fund management platform that positions them for long term success.”

When Credence Global first joined Swiss-Asia’s platform to cut rising costs, its AUM was $100 million. By end September, it reached $248 million. “I was confident that Swiss-Asia could deliver institutional grade management across the board and subsequently, grow the assets of the Credence fund,” says Portfolio Manager Ruhong Huang. “They are also the first fund platform to host Cap-Intro events in Singapore and Hong Kong, which helps increase our investor outreach,” he adds. At the recently concluded HFM Awards Asia 2016, the fund won the “Managed Futures CTA” category.

At the start of 2016, Prulev Global Macro had $49 million in assets under management. Since then, it has been advancing throughout the year, participating in both of Swiss-Asia’s Cap-Intro events in Singapore and Hong Kong. Now, the $81 million fund managed by Norman Tang and August Li has been reporting steady returns. Per data compiled by Bloomberg, it is the best performer among its peers. The fund also received HFM Awards Asia 2016’s “Macro” category.

Fund Manager Norman Tang says, “Prulev Global Macro’s objective is to achieve capital appreciation via a panoramic, geographically diversified and risk-tolerant portfolio. Since joining Swiss-Asia, we have been greatly aided by the professional infrastructure and support. This allowed us to better concentrate on managing our portfolio of equities, fixed income and commodities asset classes in global markets.”

Based on a tried and tested, PhD certified investment strategy, Salmon Global’s AUM grew from $4 million to $15 million in 2016. The ultra-diversified global macro fund invests in bonds, equities, commodities, currencies, spreads, options, volatility, and other deeply liquid investments. Portfolio Manager Gaurav Bansal says, “Working on Swiss-Asia’s platform allows me to focus on investing. Time spent on operational tasks is time spent away from seeking alpha. With Swiss-Asia’s operational support, I am glad to focus on achieving good investment returns despite the global economic slowdown.”

Looking ahead, Swiss-Asia expects to incorporate more FinTech solutions to strengthen operational support and improve the economics of the hedge fund business. Despite tougher demands for data analysis and compliance, fledgling hedge fund managers can seek higher capital gains by outsourcing operational infrastructure in a competitive landscape.

Founded in 2004, Swiss-Asia is a Singapore licensed (CMS 100074) fund management company. It holds both a Capital Markets Services License under the Singapore Securities and Futures Act. Providing dedicated incubation services to finance professionals in Singapore, independent investors, consultants and fund managers can leverage on Swiss-Asia’s extensive network and experience in Asia to start business operations. Swiss-Asia also has offices in Hong Kong.

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