Video length: 50 minutes
Macro

Ashvin’s AVM Global: Delivering high equity-like returns with low bond-like volatility

Kay Van-Petersen
Global Macro Strategist

Summary:  Join our Global Macro Strategist Kay Van-Petersen, as he interviews some of the best of breed players in the markets, kicking off with Singapore based Macro Fund, AVM Global Opportunity Fund (AVM).

The timing of the interview is uncanny as it was at the cusp of the last US presidential elections that Ashvin Murthy, AVM's founder & CIO started the fund.

We walk through misconceptions in the world of money management, asset allocation & compounding wealth.

We then get Ashvin's unique background & the AVM story, before getting into the juice & framework of their approach.

We close with a close examination of how the fund has returned +40% since inception with demonstrated lower volatility than bonds, as well as how AVM navigated the whipsaw markets at the start of 2020 (hint, they were consecutively up for the 1st 5 months of the year), before asking Ash about some big picture views post the pivotal US elections.

Join our Global Macro Strategist Kay Van-Petersen, as he interviews some of the best of breed players in the markets, kicking off with Singapore based Macro Fund, AVM Global Opportunity Fund (AVM).

In this interview that touches on markets, asset allocation, trade construction, macro regimes, as well as an outlook on 2021 – we get to hear from Ashvin Murthy, Founder & CIO on the AVM Way & how he has delivered to his investors equity like returns, with bond-like volatility. We also touch on the challenges of compounding wealth, including a number of misconceptions to be found in approaches to investing & managing risk. 

Ashvin was one of the few hedge fund managers that was consecutively up for the first five months of 2020 – a period that saw the markets go from being super bullish in Jan, to mega bearish in Feb & Mar, before again reverting to risk-on from Apr & May. As of the interview his fund has returned +40% since inception with a Sharpe of close to 2x. 

It’s worth noting that post the interview, its emerged that AVM has been nominated by EurekaHedge for Best Singapore-Based Hedge Fund.

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-hk/legal/disclaimer/saxo-disclaimer)

Saxo Capital Markets HK is a company authorised and regulated by the Securities and Futures Commission of Hong Kong. Saxo Capital Markets HK Limited holds a Type 1 Regulated Activity (Dealing in securities); Type 2 Regulated Activity (Dealing in Futures Contract) and Type 3 Regulated Activity (Leveraged foreign exchange trading) licenses (CE No. AVD061). Registered address: 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong

By clicking on certain links on this site, you are aware and agree to leave the website of Saxo Capital Markets, proceed on to the linked site managed by Saxo Group and where you will be subject to the terms of that linked site.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries. AppStore is a service mark of Apple Inc.

Please note that the information on this site and any product and services we offer are not targeted at investors residing in the United States and Japan, and are not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please click here to view our full disclaimer.