Private markets exchange ADDX has listed a blockchain-based version of Chua Soon Hock's Asia Genesis Macro Fund.
Hock managed the US$800 million Japan Macro Fund from 2000 to 2009, achieving annual net returns of 18.7%. The fund grew its asset size by 100x, becoming one of Singapore's biggest macro hedge funds.
In May 2020, Hock launched Asia Genesis after seeing many "close relatives and friends being adversely affected by risky financial products in a leveraged environment."
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Serving as the Chief Investment Officer, Chua and his family have invested over $40 million of their personal wealth in the fund, which has $173 million in AUM.
Now listed on ADDX, Asia Genesis "aims for consistent, positive and uncorrelated returns with low downside volatility" according to its press release.
The Asia Genesis fund trades in highly liquid exchange-listed futures and options, offering investors monthly redemption options with no lock-in periods. Through the use of blockchain and smart contracts, ADDX has reduced the minimum subscription size from US$1 million to $20,000 for its investors.
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“2020 to 2030 will be unlike any of the past four decades from 1980 to 2020, when the bull markets were sustained and prolonged," Hock said. "We have likely entered a multi-year range market decade with more frequent bear phases."