A veteran fund manager from Singapore has listed a tokenised version of his macro hedge fund on private market exchange ADDX.
Chua Soon Hock was the chief investment officer and fund manager behind the Japan Macro Fund, which launched in 2000 and became one of Singapore’s largest macro hedge funds by 2009, with more than US$800 million in assets under management.
The Asia Genesis Macro Fund was launched in May 2020 after more than a decade away from the fund management market.
The fund is described as an “all-weather” fund with the majority of its assets (60-70%) allocated to the stock indices of Japan, Hong Kong, China, India and the US, with the remainder invested in interest rates and major currencies.
According to Oi-Yee Choo, chief executive of ADDX, digital exchanges and tokenisation will be key to increasing investor access to hedge funds.
“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,” he said.
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