Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis.
According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding. Net return for 2022 was reported at +15.3%. The fund is said to trade exclusively in highly liquid exchange-listed futures and options. There is a monthly redemption option with no lock-in periods.
The fund is managed by Singapore-based Chua Soon Hock, the Chief Investment Officer and fund manager behind the Japan Macro Fund (JMF). This fund generated an annualized net return of 18.7% over a ten-year period of its operations between 2000 and 2009.
Like other securities listed on ADDX, by incorporating blockchain technology, the exchange aims to reduce the minimum subscription size, thus making the investment more attainable for more people. In the case of Asia Genesis, ADDX says the minimum was dropped from USD $1 million to USD $20,000.
Oi-Yee Choo, CEO of ADDX, said the value proposition of an “all-weather fund” like Asia Genesis is to generate uncorrelated returns curing different market cycles.
She said that Chua Soon Hock is a “household name among Asian hedge fund managers,” and his track record speaks for itself.
ADDX has listed more than 50 securities on its digital securities marketplace, including real estate, debt, and other alternative investments such as collectibles.
ADDX, regulated by the Monetary Authority of Singapore, is open to accredited investors from 39 different countries but not the US.
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