In recent news, local fund manager Asia Genesis put out a succinct letter to shareholders to explain their recent performance for their Asia Macro fund, what happened and their decision to close down the fund: The fund was incepted not too long ago in 2020. From the Asia Genesis website, we can derive the following information: The fund’s goal is to seek capital preservation and positive annual compounding. That message is meant to appeal to many of us because this is the goal we all seek:

1. Don’t lose money
2. Don’t lose out to inflation.

#1 and #2 are hard to achieve together because most strategies that do very well in each will do badly in the opposite. Chua Soon Hock, the CIO, is a trader. There is no masquerading that they have some magic formula but that if you invest with them, you are tapping upon their sophistication in trading....