# Southern Ridges Capital

Southern Ridges Capital is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** southernridgescap.com

## Regulatory record

- **CRD number:** 299146
- **SEC file number:** 802-114387
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/299146

## About

Southern Ridges Capital PTE. LTD. is a Singapore-based investment adviser registered with the SEC since 2018.

## Sectors

- Macro
- Fixed Income
- FX & Commodities

## People

- Puneet Bhandari — Founder & Chief Investment Officer

## Questions

### Who runs investment decisions at Southern Ridges Capital?

Founder Puneet Bhandari serves as Chief Investment Officer and lead portfolio manager. He previously managed the Honeycomb macro portfolio at BlueCrest Capital and spent a decade at Brevan Howard trading global rates and currencies. The firm operates a concentrated single-PM structure where Bhandari oversees all major risk-taking.

### What is the firm's track record, and where does the performance history come from?

Bhandari's 2022 return of roughly 29%, per investor documentation cited by Bloomberg, anchors the firm's public performance narrative. His earlier track record derives from the Honeycomb portfolio he ran at BlueCrest, which traded global rates and FX with a volatility-focused approach. Southern Ridges represents an independent continuation of that strategy since 2019.

### How does Southern Ridges source and structure its trade ideas?

The firm pairs top-down discretionary macro views with quantitative signals that govern entry timing and position sizing. Research focuses on G10 rates, Asian and Latin American currencies, and sovereign credit expressed through highly liquid instruments — interest-rate swaps, futures, forwards, and CDS indices. This hybrid model aims to generate returns from both directional calls and relative-value dislocations.

### What asset classes does the firm explicitly avoid?

The firm focuses on liquid macro instruments and does not invest in private equity, venture capital, or direct real estate. Its mandate excludes illiquid corporate credit and distressed debt requiring loan-to-own workouts. The strategy is deliberately confined to instruments that permit daily liquidity for risk management purposes.

### How is Southern Ridges Capital different from other Singapore-based macro funds?

Bhandari's direct lineage from Brevan Howard — a firm that trained multiple generations of macro PMs — and his demonstrated performance during the 2022 rate cycle distinguish the firm from the broader universe of Asia-based macro managers. The concentrated single-PM model with quantitative overlays is architecturally closer to London-style global macro boutiques than to diversified Singapore multi-asset houses.

## Related profiles

- [New View Financial](https://altss.com/profile/new-view-financial-llc)
- [Paul M. Wendee & Associates](https://altss.com/profile/paul-m-wendee-and-associates)

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Last updated: 2026-06-03T20:00:00.000Z

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