Hedge Fund Founder Leverages Long Naps, Jogging to Beat Market
Matt Hu keeps a close grip on trading decisions at FengHe Fund Management, where analysts work in monastic cells.
Matt Hu, co-founder of FengHe Fund Management, at the firm’s office in Singapore.
Photographer: Ore Huiying/BloombergSingapore hedge fund analyst Lee Kok Yew was bleeding money last April, as Donald Trump’s Liberation Day tariffs roiled global markets. Within weeks, his trading book was more than $50 million in the red and he was worried he’d get fired.
“The absolute magnitude was staggering,” he recalled, describing his biggest career crisis. His employer’s safeguards soon kicked in and the money allocated to his stock picks got slashed. “Everywhere else you would’ve lost your job for sure.”