Head of Asia and Senior Portfolio Manager
Lionhart Asia Pte Ltd
October 2006 – September 2012 (6 years) Singapore
• In 2012 the entire company’s AUM dropped dramatically, forcing the company to downsize and close a number of offices globally (including the Singapore office in September). In November 2012 the Investment Management Company liquidated all funds.
• In 2010, Lionhart’s Investment Management Company changed the focus of the entire company from a hedge fund to a private equity fund and I was given the responsibility of overseeing the Sri Lankan assets, which the company had started buying in 2004
• As portfolio manager, I had overall discretion of what was included in the portfolios managed by the Singapore office; as well as searching for, analysing and implementing investment opportunities myself, I also analysed the investment opportunities put forward by our investment analysts.
• As Risk Manager, I managed the risk of the portfolios dynamically from a micro level (e.g. beta and delta adjustments), as well as from a macro level (analysing the exposure to each country and to each strategy type, adding overlay hedges where appropriate). I also managed the currency exposure for these portfolios.
• The Asian fund (the performance of which can be ring-fenced) was up 33% in 2007, down 4.8% in 2008 (which put the fund in the top quintile of ALL hedge funds globally at the beginnings of the financial crisis) and relatively flat in 2009 (as a result of buying too much downside protection during the year).