CIO Chua Soon Hock was the manager behind US$800m Japan Macro Fund, a BarclayHedge-rated, top-performing hedge fund that saw annualised net returns of 18.7% between 2000 and 2009. Private market exchange ADDX has listed a global macro hedge fund by Chua Soon Hock, the Chief Investment Officer and fund manager behind the famed Japan Macro Fund (“JMF”).
In 2009, JMF was one of Singapore’s largest macro hedge funds, with approximately US$800 million in assets under management (AUM), having grown 100 times from an AUM of about US$8 million in 2000. The BarclayHedge-rated, top-performing hedge fund chalked up an annualised net return of 18.7% over the ten-year period of its operations between 2000 and 2009. Mr Chua took a break after 2009 and managed his own money before launching Asia Genesis Macro Fund (“Asia Genesis”) in May 2020.
Now listed on ADDX, Asia Genesis is an Asia-focused, global macro hedge fund that 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. The fund aims for consistent, positive and uncorrelated returns with low downside volatility across bull, bear and range markets. The “all-weather” fund engages in discretionary, nimble tactical trading. Between 60% and 70% of the fund’s trading is in the stock indices of Japan, Hong Kong, China, India, and the US. The remaining exposures are in interest rates and major currencies.
The fund trades exclusively in highly liquid exchange-listed futures and options. This allows the open-end fund to offer investors a monthly redemption option with no lock-in periods. Using blockchain and smart contract technology, ADDX was able to reduce the minimum subscription
size from US$1 million to US$20,000 for its investors.
Mr Chua Soon Hock, the Founder and Chief Investment Officer of Asia Genesis Asset Management, has 39 years of experience in trading and fund management. Before founding JMF in 2000, he was the Chief Strategist and Head of Interest Rates and Arbitrage Trading at Sanwa Bank Singapore. He had also served as Managing Director at Koch Capital Asia. Earlier in his career as a trader, Mr Chua worked at Bankers Trust, Salomon Brothers, and the Monetary
Authority of Singapore.
For a strong alignment with investors’ interests, Mr Chua and his family have jointly invested more than US$40 million of their personal wealth in the fund, which has an AUM of US$173 million.