Summary

The Lotus Macro Fund was launched on September 1 of 2023 using our systematic CTA model. The monthly returns before the fund inception are the composite net returns of management accounts with adjustment made towards an annualized volatility of 10%. The monthly returns after the fund inception are the net performance of the Lotus Macro Fund after all the fees and costs. Improvement has been continuously made on the model development, and investment universe has been expanded to cover more financial instruments over time. The Lotus Macro Fund is open for new investment. We are also offering seperately managed account service. If interested, please contact us at both info@harpers-capital.com and quant-ops@harpers-capital.com for more details. Our company website is https://www.lotusaml.com/. The portfolio manager, Dr. Frank Wang, is responsible for overseeing the research and investment process of the CTA program. He is a partner of Lotus Asset Management Limited and is also an adjunct professor in Finance at the City University of Hong Kong. He has previously gained extensive experience in both academia and industry from positions in Singapore Management Univeristy, Citigroup, Barclays Bank, and etc. Dr. Wang holds a Ph.D. in Finance from Wharton School of University of Pennsylvania, a M.S. in Statistics from University of Maryland, and a B.S. in Mathematics from Fudan University.