Me & My Money: 35-year-old fund manager has not recorded a losing year in FX markets

5 days ago 60

SINGAPORE – Currency investments can be notoriously risky, but they have provided an element of stability to fund manager Ashli Koe’s personal portfolio amid volatile markets.

Ms Koe, 35, has not recorded a losing year since she started investing in foreign exchange (FX) markets a decade ago.

They have consistently delivered superior risk-adjusted returns and outperformed most traditional asset classes during periods of market turmoil, she says.

FX investing is also central to her work at Salzworth Asset Management, where she manages the firm’s Global Currency Fund, which trades G-10 currencies – a group comprising the world’s most popular and liquid ones.

Finance is far from Ms Koe’s only venture. She had racked up more than 20 jobs by the time she finished her bachelor of business administration at the National University of Singapore (NUS), including stints in the food and beverage (F&B) sector and fashion retail.

In 2010, she also co-founded a bus service for university students, and it was featured in The Straits Times.

That in turn led to an invitation to speak at an entrepreneurship event hosted by a veteran banking and finance professional who had just returned from Hong Kong to set up a private equity and real estate fund here.

Ms Koe offered to help him get the company up and running, and gained first-hand exposure to the structuring of private equity and real estate projects. He also encouraged her to consider a career in investment banking.

She cut her teeth in fixed income as a debt capital markets analyst at Bank of America Merrill Lynch in Singapore, before becoming an associate in the same field at ANZ Hong Kong.

Then came a pivot to the FX markets in 2016. She became chief operating officer of a brokerage and co-founded a consultancy before joining Salzworth in 2019.


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