Our Founder and CEO, Lester Tay, sat down with Hubbis to share his perspectives on the evolving wealth management landscape and Rockstead Capital’s approach to serving increasingly sophisticated client needs.
Through the CIO Lens | May Edition
Post-Earnings Announcement Drift (PEAD) is one of the most well-documented anomalies in financial markets: stock prices continue to move in the direction of an earnings surprise for weeks after the announcement.
Dear valued clients, as we step into the second quarter of 2026, we do so against a backdrop that has shifted considerably since the start of the year.
Dear valued clients,
as we enter the first quarter of 2026, we write to share our perspective on the evolving investment landscape
and the opportunities we see ahead.
Dear valued clients, as we enter the final quarter of 2025, we write to share our perspective on the evolving investment landscape and the opportunities we see ahead.
In an ever-evolving financial landscape, Singapore’s economic growth is projected to slow to about 0.5% to 2.5% year-over-year in 2023, following a rate of 3.6% year-over-year in 2022. Against this backdrop, making informed decisions becomes paramount to maximising returns and protecting wealth.
Fund management involves the professional management of investment funds on behalf of clients. Fund managers are responsible for making informed investment decisions, conducting market research, and optimising portfolio performance. Effective fund management is crucial for maximising investment returns while minimising risks. It requires expertise in analysing financial markets, selecting appropriate investment strategies, and adapting to changing market conditions. Investing through a fund management company offers several advantages. It allows investors to access professional expertise, diversified portfolios, and economies of scale. Additionally, it frees investors from the burden of day-to-day investment management, enabling them to focus on other aspects of their financial goals.
For high-net-worth people navigating today’s unpredictable financial markets, having reliable financial advisory and wealth asset management services are critical. These services offer expertise knowledge, strategic planning, and tailored solutions that will help them optimise wealth generation, preserve assets, and avoid risks. Financial experts provide relevant industry insights to help clients make informed but unbiased decisions in a complex market. Overall, financial consulting and wealth asset management play critical roles in guiding clients in navigating the intricacies of financial markets and achieving their wealth management objectives.
As the global economy continues to evolve and interconnect, international trade remains a vital driver of economic growth and development. At the heart of this global trade lies trade finance, a financial sector that has experienced significant growth in recent years, fueled by the increasing demand for efficient and secure cross-border transactions. Trade finance has emerged as an attractive alternative asset class for private debt investors, who seek to capitalize on its unique risk-return profile and low correlation with traditional investments.
In Part I of this article, we have briefly discussed the need for a framework to measure, evaluate, and compare the performance of an investment portfolio or investment fund. At Rockstead Capital, we also use this framework to objectively evaluate and improve the performance of our clients’ investment portfolios and in-house funds.
Researchers have found that most active managers underperform their appropriate benchmarks most of the time after adjusting for risk and fees [1]. Despite the widespread underperformance of most actively managed funds, investors frequently receive calls from their financial advisors informing them of “attractive” or “fantastic” investment opportunities that are capable of beating the market. However, these opportunities often prove to be disappointing.
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To the best of its knowledge and belief, Rockstead Capital considers the information contained herein as accurate as at the date of publication. All information and opinions in this webpage are subject to change without notice. No representation or warranty is given, whether express or implied, on the accuracy, adequacy or completeness of information provided in the website or by third parties. The materials in this webpage could include technical inaccuracies or typographical errors, and could become inaccurate as a result of developments occurring after their respective dates. Rockstead Capital undertakes no obligation to maintain updates to such information. Any links to other websites contained within this webpage are for the convenience of the user only and do not constitute an endorsement by Rockstead Capital of these websites. Rockstead Capital is not responsible for the content of other websites referenced in this webpage. Neither Rockstead Capital nor its affiliates and their respective shareholders, directors, officers and employees assume any liabilities in respect of any errors or omissions on this webpage, or any and all responsibility for any direct or consequential loss or damage of any kind resulting directly or indirectly from the use of this webpage.
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This webpage is not an advertisement and is not intended for public use or distribution. This website has been prepared for the purpose of providing general information only without taking account of any particular investor’s objectives, financial situation or needs and does not amount to an investment recommendation. An investor should, before making any investment decision, consider the appropriateness of the information in this website, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. In all cases, anyone proposing to rely on or use the information contained in the website should independently verify and check the accuracy, completeness, reliability and suitability of the information. The information contained in this webpage does not constitute financial, investment, legal, accounting, tax or other professional advice or a solicitation for investment in Rockstead Capital’s funds, nor does it constitute an offer for sale of interests issued by funds that are managed or advised by Rockstead Capital. Any offer can only be made by the relevant offering documents, together with the relevant subscription agreement, all of which must be read and understood in their entirety, and only in jurisdictions where such an offer is in compliance with relevant laws and regulatory requirements.
Simulations, past and projected performance may not necessarily be indicative of future results. Figures may be taken from sources that are believed to be reliable (but may not necessarily have been independently verified), and such figures should not be relied upon in making investment decisions. Rockstead Capital, its officers and employees do not assume any responsibility for the accuracy or completeness of such information. There is the risk of loss as well as the opportunity for gain when investing in funds managed or advised by Rockstead Capital.
Rockstead Capital Private Limited holds a capital markets services licence for the provision of fund management services to eligible investors and is an exempt financial advisor pursuant to paragraph 20(1)(d) of the Financial Advisers Act (“FAA”). Accordingly, this website and its contents is permitted only for the use of persons who are “institutional investors” or “accredited investors”, each within the meaning provided in the Singapore Securities and Futures Act (Cap.289); As an “institutional investor” and/or “accredited investor” certain disclosure requirements under the FAA in relation to the contents of this website would not apply to you as a recipient. The products and services described in this website are available to such aforementioned categories of persons only. None of the contents of this website have been approved or endorsed by the MAS or any other global regulator.
Darren Chua is Head of Financial & Asset Sponsors at Rockstead Capital. He brings over 15 years’ expertise in private equity and real asset investments, having led deal structuring, fund raising, and portfolio growth across Southeast Asia and Australia. Darren is known for his disciplined financial oversight and ability to align asset strategy with long-term value creation.
