Q4-2018 Swiss-Asia Communication

February 13, 2019

10th February 2019

Q4-2018 Swiss-Asia Communication

Written by Steve Knabl, COO & Managing Partner

Reading Time: 2 Minutes 15 Seconds

Gong Xi Fat Cai ! Happy New Year ! As we turn the page on 2018, we always seem look back and contemplate on the past year. It’s the worlds benchmark and we have to abide by it.

As we have closed off 2018 and starting 2019, we need to look back and see what we have achieved. The change of year is always a milestone to reflect and try and do better for the year to come and the challenges to come.

2018 was a year of reorganization for the company. This was undertaken in order to better prepare for the future challenges to come and to put in place the adequate structures to fuel the growth of the company. We have in certain ways successfully implemented certain important projects and changes, but we have also failed in a few other.

Business

From a business perspective we have had a few wins and a few losses. We have also invested quite a lot of time in preparing the launch of a few new Funds that are materializing as I am writing this review.

PERFORMANCE SNAPSHOT (December 2018 YTD)

Judah Value Activist Fund tops the list, up 53.24% capping off a successful first year. Fund One and TGCC also ended 2018 with impressive returns of 9.68% and 7.80% respectively.

The Coprossa Investment Fund, the new Japanese long-short equities strategy enters top 10 for the first time at YTD of 1.72% with only three months of Operations.

While most of our funds didn’t fare as well in 2018 as compared to 2017, they all outperformed general indicators of performance such as the S&P 500 and MSCI World Indices.  This strong performance is also confirmed when compared to the industry specific benchmarks like the Eurekahedge Hedge Fund Index (-4.16%) and HFR Global Hedge Fund Index (-6.72%).

FUND PLATFORM DEVELOPMENTS

According to Hedge Fund Research Inc, the first 9 months of 2018 saw approximately 450 launches, the fewest in 18 years of data. Liquidations were equally very low with a reported 444 Hedge funds that shuttered. Now looking to 2019, I can already say that the sun has risen and we are seeing a very strong and healthy pipeline for Q1-2019 with no less than 5 launches planned.

Let’s have a look at what we have been up to in the last quarter of 2018.

01 October 2018 – Coprossa Investment Fund.  A Japan equity-focused long/short fund, raised US $35 million from US based endowment Fund and Institutional Investors. The Fund Management team is led by a former portfolio manager from Tokyo-basedhedge fund. The fund pursues an absolute return market-neutral approach trading long/short positions in Japanese stocks and their derivatives.

03 October 2018 – Shanti Indi Asean Fund has ceased operations due to lack of investor appetite for the strategy. We wish the Managers all the best with their future endeavors…

On this note, on behalf of the Executive Management, we would like to thank all our clients and teams for their work and dedication in 2018 and look forward to making 2019 and beyond successful for all. We wish you all a great year of the Pig. Health Happiness and Prosperity !

Steve Knabl