How One Hedge Fund Made Money Amid Singapore Hub Meltdown
- Tradeflow targets steady returns in volatile trade finance
- Fund has been getting inquiries in wake of Hin Leong saga
Photographer: Darren Soh/Bloomberg
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As Singapore was roiled by troubles at two commodity trading firms that may spark billions in bank losses, one hedge fund eked out a small gain.
Tradeflow Capital Management Pte returned a half percentage point to investors in April, just as it did the month before, and the month before that. Hardly dramatic advances, but for the Singapore-based fund, that’s entirely the point.
Tradeflow has returned about 5.5% over the past 12 months, with steady, bond-like returns derived from financing trade for commodities -- among the world’s most volatile industries after the coronavirus sent prices for everything from crude to coal tumbling.