Fusang Q4 2017

Dear reader, 2017 is now officially in the books! Thank you so much for all the support you have given us over this last year.

Our team has grown rapidly to 14 people across 3 offices in Hong Kong, Singapore, and Labuan. I’m truly grateful to have this amazing group of people who make coming to work each day a joy.

Kevin Ho joined us late last year as Managing Director in the Hong Kong office. Kevin has a wealth of experience in various leadership positions across the finance and asset management industry, including as Head of Direct Investments for one of the largest single-family offices in Asia.

I’m also proud to announce that we have recently received a Type 9 Licence from the Securities & Futures Commission (SFC) in Hong Kong, for Asset Management. Kevin will be Responsible Officer for that licence under Fusang Investment Office Limited.

Miaw Siaw Loong also joined us last year as Head of Operations & Compliance in the Labuan office. Miaw formerly ran Barclays Investment Bank in Labuan for over 20 years. Miaw heads up our Operations & Compliance Team across the 3 offices.

I’m proud to say that both of our co-mingled portfolios have performed spectacularly.

The Fusang Income Portfolio’s annualized return was 6.42% in 2017, with 100% positive performance throughout the year.

Volatility is running at 0.10%, with a Sharpe Ratio of 60.94.

December’s performance of 0.58% is Fusang Income’s highest monthly return since inception.

The Fusang Global Alpha Portfolio’s annualized return was 6.07% in 2017. Monthly returns have been positive for all but one month, when we suffered a maximum drawdown of 0.63%.

Volatility is running at 1.51%, with a Sharpe Ratio of 3.81.

We are working on a projects in the private education space. If you are interested in that area, whether in investing, or even perhaps in being a teacher, get in touch with us.

We are also working on a number of exciting projects in the Blockchain space. I am convinced that Blockchain technology will revolutionise the way value is transacted, and we are building infrastructure to support it.

Last, but certainly not least, we continue to serve our family investment offices. Our guiding principle is to run them the way we run our own.

Lastly, a quick survey: what is the optimal day that you would like to receive this newsletter? Would you like to continue receiving it on Sundays, or perhaps on Mondays?

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

As always, your thoughts and ideas are more than welcome!

Yours Sincerely,
Henry Chong