Modular Asset Management

Modular Asset Management runs a discretionary global macro strategy supplemented by systematic risk frameworks. The firm trades primarily across G10 and emerging market foreign exchange, interest rates, sovereign bonds, and credit indices. Positions are constructed based on fundamental macroeconomic research, with portfolio-level volatility controls designed to limit drawdowns during risk-off events. The strategy maintains low correlation to traditional equity and credit benchmarks.

Modular was founded by macro portfolio managers who previously traded at prominent global macro hedge funds, including Tudor Investment Corporation and Moore Capital Management. Their experience covers multiple rate-hiking and easing cycles, emerging market crises, and developed-market quantitative easing transitions. The founding team built Modular to operate a concentrated, research-driven macro book from Singapore, leveraging Asia's growing institutional capital base while trading globally.

The firm generates trade ideas through a combination of proprietary macroeconomic research and quantitative screening. Analysts and portfolio managers monitor central bank communications, inflation dynamics, cross-border capital flows, and political developments to identify asymmetric payoff opportunities. Systematic tools overlay position sizing and risk factor decomposition, helping the team avoid over-concentration in any single macro theme or correlation regime.

Modular trades liquid instruments across G10 and select emerging market currencies, government bond futures, interest rate swaps, inflation-linked bonds, and sovereign credit default swaps. The firm will also take positions in commodity indices and equity index futures when those express a clear macro view. The emphasis remains on instruments with deep liquidity and transparent pricing to ensure efficient execution and risk management.

Modular Asset Management holds a capital markets services license from the Monetary Authority of Singapore for fund management. The firm is subject to MAS regulatory requirements around capital adequacy, risk management, and investor reporting. Its fund structures comply with Singapore's variable capital company framework and accommodate institutional investors subject to their own jurisdictional oversight.

Yes, Modular Asset Management manages capital for external institutional allocators including pension funds, endowments, sovereign wealth funds, and family offices. The firm's flagship macro fund is structured as an open-ended vehicle with periodic liquidity terms standard for the global macro hedge fund category. The manager's alignment is reinforced by significant personal capital invested alongside external limited partners.

Modular concentrates exclusively on a single global macro strategy, avoiding the multi-strategy platform model that many Asian hedge funds have adopted. This single-strategy focus means the entire research team, risk infrastructure, and senior portfolio manager attention remain dedicated to macro, enabling deeper coverage of central bank policy and capital flow dynamics. Additionally, the founders' experience trading at blue-chip macro firms provides institutional-grade process rigor unusual for a Singapore-based independent manager of Modular's vintage.