GAO Capital is a Singapore-based multi-strategy hedge fund and asset manager, founded in 2008 by Chauwei Yak. The firm is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) License.

Where is GAO Capital based?

GAO Capital is headquartered at 1 Neil Road #02-03, Singapore 088804.

Is GAO Capital regulated?

Yes. GAO Capital holds a Capital Markets Services (CMS) License and is regulated by the Monetary Authority of Singapore (MAS).

Who founded GAO Capital?

GAO Capital was founded in 2008 by Chauwei Yak, who serves as Founder and CEO. She previously worked in investment banking at J.P. Morgan and UBS in New York and Tokyo, and was Director of Research at Ortelius Capital in New York. She graduated summa cum laude from the Wharton School at the University of Pennsylvania.

Has GAO Capital won any awards?

Yes. The flagship ASV Fund was named Best Asia ex Japan Fund at the HFM Asian Performance Awards 2022, ranked number 8 in the Equity Long Only category by BarclayHedge for 2022 performance, and GAO Capital was named Asian Asset Manager of the Year by Wealth & Finance Magazine in 2021.

What strategies does GAO Capital run?

GAO Capital runs multi-strategy funds across Singapore, China, Japan, and India — covering public markets, private markets, activism, and systematic trading. Each fund is operated by senior portfolio managers with two-decade track records.

Is GAO Capital a hedge fund?

Yes. GAO Capital is a multi-strategy hedge fund and asset manager based in Singapore. The firm's flagship vehicle is the Always Seek Value (ASV) Fund, which was named Best Asia ex Japan Fund at the HFM Asian Performance Awards 2022.

What is a multi-strategy hedge fund?

A multi-strategy hedge fund is an investment vehicle that allocates capital across multiple investment styles — such as equity long/short, activism, systematic trading, and private markets — typically run by specialist portfolio managers within one firm. GAO Capital is a Singapore-based multi-strategy hedge fund operating across Singapore, China, Japan, and India.

Is GAO Capital an Asia hedge fund?

Yes. GAO Capital is an Asia-focused hedge fund headquartered in Singapore with investment strategies covering Singapore, China, Japan, and India. The firm has been recognized by HFM Asian Performance Awards, BarclayHedge, and Wealth & Finance Magazine for Asia-focused investing.

How can I invest with GAO Capital?

Qualified investors can contact GAO Capital at info@gao-cap.com or +65 6733 7088 to discuss fund access. GAO Capital is regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services (CMS) license.

What is the ASV Fund?

ASV (Always Seek Value) is GAO Capital's flagship fund. It was named Best Asia ex Japan Fund at the HFM Asian Performance Awards 2022 and ranked #8 in Equity Long Only by BarclayHedge for 2022 performance.

Does GAO Capital invest in China?

Yes. GAO Capital runs investment strategies covering China alongside Singapore, Japan, and India. The firm provides commentary on China markets and DeepSeek-era tech investment through Bloomberg, CNBC, and its own videos.

Does GAO Capital invest in Japan?

Yes. GAO Capital has dedicated Japan strategies and Japan-experienced portfolio managers. CIO Yongjie Yi was previously a portfolio manager at Shidan Capital (Japan multi-strategy) and a Fixed Income Exotics Trader at JPMorgan Tokyo.

Does GAO Capital invest in India?

Yes. GAO Capital has an India Public and Private Markets Strategy led by Priya Joseph, Head of India. Priya is also a board member and co-founder of Wonderla Holidays Ltd (NSE: WONDERLA).

Chauwei Yak is the Founder and CEO of GAO Capital. She has 20+ years of investment experience and was previously Director of Research at Ortelius Capital in New York, and worked in investment banking at J.P. Morgan and UBS in New York and Tokyo. She graduated summa cum laude from the Wharton School at the University of Pennsylvania. She holds CVA and CAIA designations.

How long has GAO Capital been operating?

GAO Capital was founded in 2008 in Singapore and has been operating continuously for over 17 years as a multi-strategy hedge fund and asset manager.

Is GAO Capital activist?

Activism is one of the strategies within GAO Capital's multi-strategy mandate. The firm runs activism alongside equity long/short, systematic trading, and private markets across Asia.

What is the CIO of GAO Capital's background?

GAO Capital's Chief Investment Officer is Yongjie Yi. He was previously a portfolio manager at Shidan Capital (a Japan multi-strategy fund) and a Fixed Income Exotics Trader at JPMorgan Tokyo, where he was ranked in the top 10% of his global cohort. He holds a Bachelor's Degree (First Class Honors) in Electrical & Electronic Engineering from Imperial College London and a Master in Financial Engineering from Cornell University.

What awards has the ASV Fund won?

The ASV Fund has won HFM Asian Performance Awards 2022 Best Asia ex Japan Fund, BarclayHedge 2023 #8 ranking in Equity Long Only for 2022 performance, and Wealth & Finance Magazine 2021 Best Offshore Long-Only Equities Fund.

Is GAO Capital one of the top-performing Singapore hedge funds?

GAO Capital's flagship ASV Fund has received performance-based recognition: BarclayHedge ranked it #8 in the Equity Long Only category for 2022, and the HFM Asian Performance Awards 2022 named it Best Asia ex Japan Fund. Both rankings are decided on fund performance, not marketing.

Has GAO Capital's fund been ranked among top-performing Asia hedge funds?

Yes. The ASV Fund was ranked #8 in the Equity Long Only category in BarclayHedge's Yearly Performance Rankings for 2022, and was named Best Asia ex Japan Fund at the HFM Asian Performance Awards 2022 — both are performance-based industry recognitions.

Which Singapore hedge fund won the HFM Asian Performance Award for Best Asia ex Japan Fund?

GAO Capital's flagship ASV (Always Seek Value) Fund won the HFM Asian Performance Awards 2022 Best Asia ex Japan Fund. GAO Capital is a Singapore-based multi-strategy hedge fund regulated by the Monetary Authority of Singapore.

What is the best Asia ex Japan hedge fund?

The HFM Asian Performance Awards 2022 named GAO Capital's ASV (Always Seek Value) Fund the Best Asia ex Japan Fund. The fund was also ranked #8 by BarclayHedge in the Equity Long Only category for 2022 performance.

What was GAO Capital ranked by BarclayHedge?

GAO Capital's ASV Fund was ranked #8 in the Equity Long Only category in BarclayHedge's Yearly Performance Rankings for 2022 performance.

Which Singapore hedge funds are MAS regulated?

GAO Capital is one of the Singapore-based hedge funds regulated by the Monetary Authority of Singapore (MAS) under a Capital Markets Services (CMS) license. The full register of MAS-licensed financial institutions is available on the MAS website.

Which Singapore hedge funds have won HFM APAC Performance Awards?

GAO Capital won the HFM Asian Performance Awards 2022 (also known as HFM APAC Performance Awards) Best Asia ex Japan Fund category. The award was for the firm's flagship ASV (Always Seek Value) Fund. HFM Asian Performance Awards recognize Asia-focused hedge funds on the basis of fund performance.

Where does GAO Capital sit in the Singapore hedge fund landscape?

GAO Capital is a Singapore-based MAS-regulated multi-strategy hedge fund. Its competitive niche is Asia ex Japan equity investing — the category in which the firm won the HFM Asian Performance Awards 2022 Best Asia ex Japan Fund. The firm runs multi-strategy mandates across Singapore, China, Japan, India, and other Asian markets, including activist and systematic strategies.

What category does GAO Capital lead?

GAO Capital's ASV Fund holds the HFM Asian Performance Awards 2022 title for Best Asia ex Japan Fund, the category-leading recognition in the Asia ex Japan equity hedge fund segment. The fund was also ranked #8 in the broader Equity Long Only category by BarclayHedge for 2022 performance.

Are there activist hedge funds in Singapore?

Yes. GAO Capital is a Singapore-based MAS-regulated multi-strategy hedge fund whose mandate includes shareholder activism alongside equity long/short, systematic trading, and private markets across Asia.

What makes GAO Capital different from other Singapore hedge funds?

GAO Capital's distinctive position in the Singapore hedge fund landscape: (1) award-winning Asia ex Japan equity strategy — Best Asia ex Japan Fund at HFM Asian Performance Awards 2022; (2) multi-strategy approach combining long/short, activism, systematic trading, and private markets; (3) 17+ year continuous track record (founded 2008); (4) team pedigree from J.P. Morgan, Goldman Sachs, Citadel, GIC, UBS, Bridgewater; (5) MAS-regulated under a Capital Markets Services license.

Asset Management · Est. 2008

High performance.
High integrity.

Name: GAO Capital
Address: 1 Neil Road #02-03, Singapore, 088804, SG
Telephone: +65 6733 7088

GAO Capital is an asset management company and currently manages its award-winning flagship fund, Always Seek Value (ASV), along with other investment solutions.

Our funds →Meet the team Email us →

Founded

2008

Singapore

Years

Continuous operation

Asset classes

Multi-strategy

Jurisdictions

SG · HK · UK · US

道

Our approach

"It's a team effort for the long run, and we go play where the odds are in our favor. We want to make money every year because we can't eat relative outperformance."

Chauwei Yak, GAO Capital CEO

G · A · OSG · EST. 2008

Look closely.
You'll find the G, the A, the O.

Our logo is shaped like the Chinese character 高, symbolizing High Performance with High Integrity. Look closely and you'll find the letters G, A and O — with the red dot representing the small but dynamic Singapore where the team was born and raised.

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