But far from enjoying a quiet retirement, the 74-year-old has built one of Singapore’s fastest-growing investment firms with plans to make it a global player. “My vision was Avanda should help Singapore and Asian investors invest globally and help global investors invest in Asia,” Ng said in his first-ever interview about the firm, where he is the executive chairman. Avanda is also bigger than any Singapore-based hedge fund; the largest one manages US$7.66 billion, according to With Intelligence data. Ng sees Avanda as an asset manager and not a hedge fund, partly because it’s a long-only investor. Its first fund, Avanda Global Multi-Asset Fund, backs a range of global public equities, bonds and currencies while others focus on Asian stocks, global fixed income and even private deals.
