The World's Best-Performing Hedge Fund Is Up 278% This Year
- Vanda has average annualized return of 40% since inception
- Chong invests in often volatile exchange-traded futures
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Three years ago, Chong Chin Eai watched Donald Trump’s shock election victory roil markets. His months-old Vanda Global Fund Ltd., founded with $24 million from friends and family, was down more than 50%. At his nadir, Chong considered using his own savings to cover investors’ losses and shut up shop.