Watercourse Macro Fund SP
The objective of the Fund is to generate absolute returns through the use of a directional global discretionary macro strategy, capitalising on trading opportunities driven by sentiments and positioning as well as investment opportunities driven by macroeconomic factors.
The Investment Manager adheres to a disciplined, trading-focused, ideas-oriented, theme-centred process focused on understanding key drivers of markets and economies in the Asia Pacific region, US, and Europe. The investment process is designed to identify and anticipate tactical trading opportunities, as well as strategic investment themes.
The Investment Manager will express trading views in the Fund by taking long and short positions in highly liquid, transparent, easy-to-price instruments across a range of asset classes, focusing primarily on equities, commodities, bonds and currencies. The investment instruments traded will primarily be liquid, listed futures and options and liquid currency forwards and options.
The Investment Manager believes that macro investment opportunities are subject to frequent and sudden shifts. In order to take advantage of these shifts while mitigating risk of significant capital loss, the strategy employs a dynamic approach to capital allocation. There is no minimum or fixed allocation to any one asset class, geography or investment theme and the Fund’s exposures will be actively managed.
Wei is the founder of Watercourse Advisors and portfolio manager of the Fund. Ms. Liao arrives with over 12 years’ experience in macro trading and research. Previously, she was the acting portfolio manager of BIA Pacific Macro Fund in 2016. In 2013, she was the assistant portfolio manager of Asia Pacific Macro Fund at City Financial, and was a macro analyst for BIA in 2011 when she initially moved to Hong Kong. Ms. Liao was originally in Singapore beginning 2008, where she was working as a hedge fund analyst at Credit Suisse Asia before joining Exelion Capital then Paridon Asia. She began her career in 2005 as an interest rate trader with WestLB Capital Markets in London and Tokyo.
Wei graduated in 2003 from Lancaster University, United Kingdom with a BSc in Economics and Finance, and with an MSc in Finance in 2004.