Instead, his boss told him to fetch his running shoes. For several weekends, Lee laced up pre-dawn and headed to FengHe Fund Management Pte Ltd founding partner Matt Hu’s house in the luxury enclave of Sentosa Cove. For an hour, they’d run and walk as Hu asked questions and gave advice before sharing breakfast on Hu’s patio — no showering in between. By the end of the year, Lee had made the money back and more.
SINGAPORE (April 23): Singapore 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 US$50 million ($63.82 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.”
