SG Talk

SINGAPORE hedge fund Asia Genesis Asset Management is closing its macro fund after suffering an “unprecedented drawdown” following China’s stock market rout and Japan’s rally.

Chua Soon Hock’s Asia Genesis Macro Fund had a drawdown of 18.8 per cent in the first weeks of January, according to a letter sent to investors seen by Bloomberg News. The fund is returning money to investors after losses on long Hong Kong and China equities positions as well as short Nikkei bets, according to the letter.

Never heard of this fund ? Is they trade bid coin or HK and China shares 🤔

(23-01-2024, 07:06 PM)ysh02 Wrote: [ -> ]Never heard of this fund ? Is they trade bid coin or HK and China shares 🤔

Chua soon hock js a legend who had continuous double digit gains for many years.

Right up to November last year he was still up 6.3% but lost big jn Dec and Jan...when China market collapsed.

(23-01-2024, 07:20 PM)sgbuffett Wrote: [ -> ]Chua soon hock js a legend who had continuous double digit gains for many years.

Right up to November last year he was still up 6.3% but lost big jn Dec and Jan...when China market collapsed.

how does this compared to aggregate asset mgt ?

(23-01-2024, 07:20 PM)sgbuffett Wrote: [ -> ]Chua soon hock js a legend who had continuous double digit gains for many years.

Right up to November last year he was still up 6.3% but lost big jn Dec and Jan...when China market collapsed.

What legend? Use other people's money to gamble only.

(23-01-2024, 09:14 PM)winbig Wrote: [ -> ]What legend? Use other people's money to gamble only.

Got people give you money to gamble not? 

I don't understand leh, 19% drawdown nia, also not confirmed loss yet.

Somemore is hedge fund, lose 20% also liddat leh...I mean so many famous hedge funds totally went bust, so 20% down is no big deal leh, relatively.

Somemore at this point? Very weird. China just say they going to inject dunno how many billions to revive the stock market leh. Now close the positions like abit....salah? At least wait and see?

I suspect this is not about the fund wor...maybe got some connection with other stuff? Teeheehee.

Third world china is a sick failure. Nothing but a debt trap.

Any investment in that shithole will only result in losses. That's why many investors have abandoned third world china.

Why else you think the ccp cult and their wumao dogs so desperate now? third world china have no money already LOLOLOLOLOL!