|Last July, Charlie Chan joined former Credit Suisse Group AG traders, Lam Hoi Leong and Albert Neo to launch the Splendid Asia Macro Fund amidst the Eurozone turmoil and the stumbling economies of India and China with stellar results. As reported in Bloomberg News, the Splendid Asia Macro Fund is up 20 percent on the year through April and has returned 14 percent since its launch last year. In comparison, the Eurekahedge Global Macro Hedge index is up just 1.3 percent in the same period. |
Charlie Chan, founder of Charlie Chan Capital Partners Ltd., attributes his success to good timing which allowed him to buy Asian currencies and equities, while selling the yen into the weakness spawned by the Greek crisis. With the Splendid Asia Macro Fund sitting at $60 million, he continues to view the weakening economies of India, China with caution while the South Asian economies of Singapore and Indonesia present solid investment opportunities.