Multi-Timeframe Multi-Strategy Multi-Asset Systematic Global GLOBAL SYSTEMATIC MULTI- STRATEGY FUND THIS PRESENTATION IS PROPRIETARY AND CONFIDENTIAL: IT MAY NOT BE REPRODUCED, IN WHOLE OR IN PART, AND MAY NOT BE DELIVERED TO ANY PERSON WITHOUT THE PRIOR CONSENT OF HENGFAI ASSET MANAGEMENT PTE LTD. THIS DOCUMENT IS BEING PROVIDED TO YOU SOLELY FOR INFORMATIONAL PURPOSES. IT IS NOT INTENDED TO BE, NOR SHALL IT BE CONSTRUED AS, AN OFFER, OR A SOLICITATION OF AN OFFER, TO BUY OR SELL AN INTEREST IN THE FUND. NOTHING IN THIS DOCUMENT CONSTITUTES ACCOUNTING, LEGAL, REGULATORY, TAX OR OTHER ADVICE. ANY DECISION TO SUBSCRIBE FOR INTERESTS IN THE FUND MUST BE MADE SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PRIVATE PLACEMENT MEMORANDUM (PPM), WHICH INFORMATION MAY BE DIFFERENT FROM THE INFORMATION CONTAINED IN THIS DOCUMENT, INCLUDING ANY DATA, PROJECTIONS, AND UNDERLYING ASSUMPTIONS ALL OF WHICH ARE ACCORDINGLY SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE. IN PREPARING THIS DOCUMENT, WE HAVE RELIED UPON AND ASSUMED, WITHOUT INDEPENDENT VERIFICATION, THE ACCURACY AND COMPLETENESS OF ALL INFORMATION AVAILABLE FROM PUBLIC SOURCES OR WHICH WAS OTHERWISE REVIEWED BY US. WHILE INFORMATION PROVIDED HEREIN IS BELIEVED TO BE RELIABLE, THE FUND AND THE INVESTMENT MANAGER MAKE NO REPRESENTATION OR WARRANTY WHETHER EXPRESS OR IMPLIED, AND ACCEPT NO RESPONSIBILITY FOR ITS COMPLETENESS OR ACCURACY OR RELIABILITY. PAST PERFORMANCE OF PROGRAMS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 30 November 2017 Singapore eDevelopment http://www.sed.com.sg HengFai Asset Management http://www.hf-asset.com
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Multi-Timeframe
Multi-Strategy
Multi-Asset
Systematic
Global
GLOBAL SYSTEMATIC MULTI-
STRATEGY FUND
THIS PRESENTATION IS PROPRIETARY AND CONFIDENTIAL: IT MAY NOT BE REPRODUCED, IN WHOLE OR IN PART, AND MAY NOT BE DELIVERED TO ANY PERSON WITHOUT THE PRIOR CONSENT OF HENGFAI ASSET MANAGEMENT PTE LTD. THIS DOCUMENT IS BEING PROVIDED TO YOU SOLELY
FOR INFORMATIONAL PURPOSES. IT IS NOT INTENDED TO BE, NOR SHALL IT BE CONSTRUED AS, AN OFFER, OR A SOLICITATION OF AN OFFER, TO BUY OR SELL AN INTEREST IN THE FUND. NOTHING IN THIS DOCUMENT CONSTITUTES ACCOUNTING, LEGAL, REGULATORY, TAX OR OTHER
ADVICE. ANY DECISION TO SUBSCRIBE FOR INTERESTS IN THE FUND MUST BE MADE SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PRIVATE PLACEMENT MEMORANDUM (PPM), WHICH INFORMATION MAY BE DIFFERENT FROM THE INFORMATION CONTAINED IN THIS DOCUMENT,
INCLUDING ANY DATA, PROJECTIONS, AND UNDERLYING ASSUMPTIONS ALL OF WHICH ARE ACCORDINGLY SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE. IN PREPARING THIS DOCUMENT, WE HAVE RELIED UPON AND ASSUMED, WITHOUT INDEPENDENT VERIFICATION, THE ACCURACY
AND COMPLETENESS OF ALL INFORMATION AVAILABLE FROM PUBLIC SOURCES OR WHICH WAS OTHERWISE REVIEWED BY US. WHILE INFORMATION PROVIDED HEREIN IS BELIEVED TO BE RELIABLE, THE FUND AND THE INVESTMENT MANAGER MAKE NO REPRESENTATION OR WARRANTY
WHETHER EXPRESS OR IMPLIED, AND ACCEPT NO RESPONSIBILITY FOR ITS COMPLETENESS OR ACCURACY OR RELIABILITY. PAST PERFORMANCE OF PROGRAMS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Mr. Chan Heng Fai specializes in entrepreneurship and company
restructuring. He has successfully restructured more than 35
corporations in different industries and countries. Some of the
remarkable companies that he has built over his 40 years in
business include American Pacific Bank, China Gas Holdings
Limited, Global Med Technologies, Inc., Singhaiyi Group Ltd and
Heng Fai Enterprises Limited.
Mr Chan Heng Fai
Chairman,
Hengfai Asset Management
“Execution and Risk Management are Critical – beyond the big idea or the
opportunity secured, two key abilities often determine whether a business will succeed
or fail. Business leaders first need to execute their dream through a combination of
planning, marketing, incentivising and training staff, and managing cash flow and
finances. If something does not work, change the strategy and continue executing in a
determined manner. Second, business leaders need to be able to calculate risks
constantly so as to avoid being wiped out, or to magnify returns. Risks must be taken,
but the rewards must be commensurate with the risks taken.”
Our Chairman
Mr Eric Song Yann Yunn (Executive Director & Chief Investment Officer)
Prior to establishing Hengfai Asset Management, Mr. Eric Song was a quantitative trader at European market-making firmNyenburgh, where he launched a discretionary and systematic trading desk for Asian stock index futures. Before that, hewas a macro strategy hedge fund trader at Asia Genesis Asset Management, focusing on the billion-dollar Japan MacroFund, from 2007 to 2009. During this period, he successfully navigated the 2008 credit crisis and achieved positive yearlyresults to contribute to the Fund. Eric Song graduated with Honours in Business Economics from University of Leicester.
Mr Lim Eng Guan (Executive Director & Portfolio Manager), M.Eng, M.Sc
Mr. Lim Eng Guan's diverse experiences span the asset management and banking industries since 2006. He has worked as
a proprietary trader specialising in derivatives trading, and also as a systematic and quantitative hedge fund analyst. He
also possesses extensive expertise on structured products and derivative valuations. Mr. Lim graduated from the National
University of Singapore with a Master's in Engineering and a First Class in Electrical Engineering. He also holds a M.Sc in
Financial Engineering from Nanyang Technological University.
Mr Patrick Ling Lee-Ee (Executive Director & Portfolio Manager), M.Sc
Mr. Patrick Ling is experienced in the asset management and banking industries, having managed private client portfolios
and covered hedge fund clients for equity derivatives products and strategy. Mr. Ling graduated with 2nd Upper Class
Honours in Civil Engineering from the National University of Singapore (NUS), and holds a Master's degree in Wealth
Management from Singapore Management University, where he completed his thesis on “A Rules-Based Risk Management
Approach to Invest in Global Equities”.
Management Team
1. Long term returns 15-20%
Core Objectives
2. Low volatility
3. Reduced tail risk
• To achieve an absolute return of 15-20% per year over 5 years
• To perform under a wide range of market conditions
• To dramatically reduce returns volatility through extensive diversification
• To achieve target returns with minimal risk
• To dramatically lower tail risk against market shocks / black swan events
• Max live drawdown to date ~ -5.4%
Core Philosophy
Broad Diversification
• Diversify across timeframes, asset classes and strategies
• Integrate non-to-low correlated strategies to stabilize returns, lower volatility and reduce tail risks
• Deliver performance under a wide range of market conditions
Holistic Risk Management
Rigorous Research
• Extensive and calibrated diversification as first line of defense
• Strategy and portfolio level risk management
• Utilize targeted performance sizing
• Strategies are derived based on sound concepts
• Strategies are subject to a rigorous process of testing to establish strong statistical evidence
Excellent Liquidity
• Trade mainly liquid exchange traded products
• Increased capacity and reduced market impact on positions as they can be scaled in and out readily
• NAV certainty as there is no model valuations or adjustments
“Individually, neither your view nor myview matters. The market is the net outputof the collective actions carried out by allthe market participants, each of whom,can have a different view. No one knowsexactly what will happen next and no onecan be right all the time. What isimportant is not your view, but yourphilosophies, your strategies, your plan andyour executions.”
All Weather Fund
Bull Market
Trend-based strategiesAsset allocation based strategiesVolatility Decay strategies
1 This is the compound annual growth rate2 Net returns are returns after expenses and fees3 Gross returns are returns without fees4 November returns are preliminary in-house estimates
Gross 3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
