TRUE PARTNER2024 中期报告

GEM GEM GEMGEMGEM GEMGEMTrue Partner Capital Holding Limited 公 司 概 況 561228324041434446 1617 Ralph Paul Johan van PutGodefriedus Jelte Heijboer Ralph Paul Johan van PutGodefriedus Jelte HeijboerTobias Benjamin HeksterRoy van Bakel Roy van Bakel Jeronimus Mattheus Tielman P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand Cayman KY1-1205Cayman Islands Thompson Coburn LLP Jeronimus Mattheus Tielman 1826 229 2902-3 Ralph Paul Johan van PutGodefriedus Jelte HeijboerJeronimus Mattheus Tielman Appleby Global Services (Cayman)Limited71 Fort StreetPO Box 500George TownGrand Cayman KY1-1106Cayman Islands Ralph Paul Johan van PutGodefriedus Jelte HeijboerJeronimus Mattheus Tielman 8657 www.truepartnercapital.com ACG, HKACG 2024 1.2.26,871,00029,704,000400,000,000 ProShares VIXETFVIX ETFVIXVIXVIXVIXVIX ETF30.0%2 – – MSCIMSCI13.8%MSCI(10.2%)(3.2%)0.2%0.15%0.08% –MSCI8.5%16.5%50010.5%20.3% –0.5%3BetaMSCIMSCI –VIX12.4512.44Euro Stoxx 50VSTOXX13.618.3Kospi 20017.516.117.816.11 –VIXVIX 5121,164885 1.4%MSCI-3.2% –True Partner FundalphaEurekahedgebetaTrue PartnerFundbetaCBOE EurekahedgeCBOE EurekahedgeCBOEEurekahedgeTrue Partner Fundalpha4 –5.08.7 – – –31.737.7 –26.829.526.929.7 –37.5% 512International Asset ManagementIAMUCITSIAMIAMU C I T SI A MUCITS 87425 MSCI13.8%MSCI(10.2%)(3.2%)0.2%0.15%0.08% 6VIX12.4512.44Euro Stoxx 50VSTOXX13.61 8 . 3Kospi 20017.516.117.816.1 VIXVIXVIXVIXVIX ETF30.0%7 MSCI8.5%16.5%50010.5%20.3% VIXVIXVIX ETF True Partner FundalphaEurekahedgebetaTrue Partner FundbetaCBOE EurekahedgeCBOEEurekahedgeCBOE EurekahedgeTrue Partner Fundalpha9 0.5%8BetaMSCIMSCI1.4%MSCI-3.2% 18MSCI41.5%VIX ETF80.9%1.3%10 3.58.4 GEM 37.5% 31.737.7 26.829.526.929.727.229.5 115121,16465256% 88542%512 874 2 5253911 TruePartner Fund COVID-19COVID-19COVID Pensioen Pro Magazine Northern Trust Market Mingle1.512 Tobias Hekster T y p h o o nTraderObservatory QuantSolunarNitro 29.5%19.1%10017.5%+6.2%11.3%500Euro Stoxx 5010% MSCI24.3%MSCI13.8%21MSCI52.4%MSCI2198MSCI2 1+51.8%502195 2.6%3.1%13 2.4%2.8%14 170452015 1503.75%444.89%103.87%4.40%306.67%6.86%6.86%6.28%3.10% 2005,1651,50016 1602.26%3.22%100 17 3834389718 Robert Shiller 5% 0.5% VIX13.7 80 21 MOVEVIX GEM1.40100,000,000104 104 45,680,000 1540 COVID-19 58.73.742% 31.737.7616% 4.57.73.141% 329,0 0 0102 ,00045%4142 7.757.851 18.135.78.75 68400,000,000 98,000111,000 3 2032 571XV(a)XV78 (b)352(c)GEM5.465.67 PutTrue Partner Participation Limited (1)TruePartnerParticipationLimitedTruePartner Participation Limited Ralph PaulJohan van PutRalph Paul Johan van XV(a)XV78 (b)352(c)GEM5.465.67 XV23 336 Franca Kurpershoek-Hekster(1)Wong Rosa Maria(2)True Partner Participation Limited(3)True Partner International Limited(4)DSS Financial Management, Inc.. (4)DSS Securities, Inc.. (4) True Partner Capital Holding Limited14.01%Wong Rosa MariaGodefriedus Jelte Heijboer (1)Franca Kurpershoek-HeksterTobiasBenjamin HeksterTobias BenjaminHek s terTrue Par tner Capital HoldingLimited14.76%Franca Kurpershoek-HeksterTobiasBenjamin Hekster (3)Ralph Paul Johanvan PutTrue Partner ParticipationLimitedRalph Paul Johan van PutTrue Partner Participation LimitedTrue Partner (2)Wong Rosa MariaGodefriedus JelteHeijboerGodefriedus Jelte Heijboer Capital Holding Limited14.58%Ralph Paul Johanvan PutTrue Partner Participation Limited (6)Anne Joy BordoniEdo BordoniEdo BordoniTrue Partner Capital HoldingLimited7.46%AnneJoy BordoniEdo Bordoni (4)True Partner International Limited DSS FinancialM a n a g e m e n t , I n c .D S SFinancial Management, Inc.DSS Securities, Inc.DSS Securities, Inc.DSS, Inc.DSS, Inc.58.79%True PartnerInternational LimitedTrue Par tner CapitalHolding Limited15.58%True Partner InternationalLimited (7)Maria Victoria Diaz BasilioRoy vanBakelRoy van BakelTruePartner Capital Holding Limited6.92%Maria Victoria Diaz BasilioRoy van Bakel (8)SomethingEls B.V.ERMA B.V.NardincBeheer B.V.50%SomethingEls B.V.ERMA B.V.NardincBeheer B.V.Dasym Managed Accounts B.V.F.J. Botman Holding B.V.90.1%F.J. BotmanHolding B.V.Franciscus Johannes BotmanDasym ManagedAccounts B.V.F.J. Botman Holding B.V.FranciscusJohannes BotmanNardinc BeheerB.V. (5)Alset Business Development P te Ltd.AlsetInternational Limited85.35%Alset BusinessDevelopment Pte Ltd.Alset Global Pte LtdAlset Global Pte LtdAlset, Inc.Alse t , Inc.53.52%Alset International LimitedTrue Partner CapitalHolding Limited1.59%Alset International LimitedTrue Partner Capital HoldingLimited2.03%(4)True Partner Capital Holding Limited15.58% XV 23336 GEM23 GEMC1C.2.1 C.2.1 GEMGEM Ralph Paul Johan van PutRalph Paul Johan van PutRalph Paul Johan van PutC.2.1 GEM5.485.67 (iii)(iv)(v)(vi)JeronimusMattheus Tielman GEM GEM Roy van Bakel GEM5.285.29D.3.3D.3.7(i)(ii) True Partner Capital Holding Limited Ralph Paul Johan van Put Ralph Paul Johan van PutGodefriedus Jelte HeijboerTobias Benjamin HeksterRoyvan BakelJeronimus Mattheus Tielman www.hk