Fusang Q3 2017

Dear reader, How time flies! It’s now been 1 year since we launched the Fusang Global Alpha and Fusang Income portfolios. I’m proud to report that both portfolios have performed exceptionally.

When we set out to design the portfolios, we wanted to create a systematic method in which families could put their liquid capital to work in a way that let them sleep easy at night: delivering true absolute returns unaffected by the vagaries of the stock and bond markets.

Fusang Income achieved a return over the past year of 6.43%, with almost 0 volatility.

It made a positive return in every single month.

Correlation with stocks was almost 0, and there was an inverse correlation with bonds (Fusang Income made money whenever bonds went down), serving its purpose as an excellent diversifier in portfolios.

Fusang Income Portfolio vs Benchmarks (data from Bloomberg)

Fusang Global Alpha achieved a return this past year of 5.94%, with 1.48% volatility.

It has similarly low correlations with stock and bond markets, delivering true alpha.

It made a positive return in 11 out of 12 months. And even in the one down month, the Global Alpha portfolio behaved as designed, and was down only -0.63%.

Fusang Global Alpha Portfolio vs Benchmarks (data from Bloomberg)

We continue to also manage various single family funds, and are exploring a number of incredible direct investment opportunities. Stay tuned.

Thank you to everyone for your support thus far. We hope to continue serving you and your families for many years to come.

Yours Sincerely,
Henry Chong