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How a Modest Hedge Fund Returned Six Times the Global Average

  • Triada Capital beat tough odds with an Asia credit focus
  • Monica Hsiao is one of few women who founded, lead own fund
Monica Hsiao
Monica HsiaoPhotographer: Anthony Kwan/Bloomberg

Monica Hsiao doesn’t follow anyone’s playbook.

She founded Triada Capital Ltd., a credit-focused firm in a region where equity is king and stock managers control the vast share of hedge fund assets. The straight-talking native of Guam cobbled together a modest $7 million to start the fund almost four years ago, fueled partly with savings from her parents. That’s about one-third the average amount an Asia-focused firm has started with in recent years -- and paltry by credit fund standards -- yet Triada has proved small can be beautiful. The fund has generated outsized returns, gaining almost 10% after fees in the first quarter.