A&P Investment Fund Management Company

𝗔 𝗡𝗲𝘄 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝗶𝗻 𝗠𝗮𝗰𝗮𝘂’𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: 𝗦𝘂𝗿𝗽𝗮𝘀𝘀𝗶𝗻𝗴 $𝟭𝟬𝟬𝗠 𝗠𝗢𝗣 𝗶𝗻 𝗔𝗨𝗠 - 𝘣𝘺 𝘉𝘦𝘳𝘯𝘢𝘳𝘥𝘰 𝘈𝘭𝘷𝘦𝘴 (𝘊𝘩𝘢𝘪𝘳𝘮𝘢𝘯 & 𝘍𝘰𝘶𝘯𝘥𝘦𝘳) I had the idea of creating a fund in 2008 but it took me another 15 years to accomplish it. In June 2023, A&P finally received the special registration license—it was the first time in my life, after a long and demanding process, that the ball was truly in my hands. In an instant, the typical thoughts and waiting for approvals to constitute the company gave way to the reality of building a fund. We quickly shifted from reactive to active mode, from theory to practice. Abraham and I sat for many hours, considering what our first step should be, fully aware that the first step is always the hardest—it’s the one that defines the path ahead. Between the choice of private or public the decision was done long ago: a public fund would cater to the many, rather than a private that would cater once again to the few. The public path dear reader, entailed massive risks for us. First the regulatory approval process would be more strenuous, and without a precedent case to follow, more uncertain. Secondly, the risk of failure to raise money on a new unbranded fund management company was a real possibility. With the former, we anxiously awaited the regulator's decision; with the latter—well, that’s precisely why I’m writing to you today. The central characteristic of a fund is that it represents a long-term experience for the investor, for only over time will the customer see the fruition of the investment strategies materialize. But time is a proving ground where every service demonstrates its value, and without a fund, there was no ground to stand on—only the weight of uncertainty of what A&P could potentially provide. We lacked a track record, and as the first company of our kind, we were venturing into uncharted territory. To stack the odds even further against us, we chose a concept I had long believed was necessary: using the Macau Pataca as an investment currency. We approached the IPO period with caution and some degree of trepidation having visited over the period the 10 main districts of our main distributor to support the front-line in understanding the product, the company, and selling a concept and idea behind A&P and the fund. Today, I am happy to share with you that we have surpassed $𝟭𝟬𝟬𝗠 𝗠𝗢𝗣 in AUM in our Money Market Fund. To investors in our fund thank you for your trust and belief in one of our own being able to manage your most important asset: your capital. As we continue our journey in the face of tomorrow, it’s not the size of the AUM that truly concerns me or A&P, but the belief that we are building a new financial landscape— and this is just the beginning. With the same tools I forged in 2008: resilience, resolve, and rigor, we will manage the Money Market Fund with unwavering commitment—for A&P is here to stay.

We’re Expanding Our Digital Presence—Join Us on Instagram! At A&P, our commitment to innovation extends beyond financial solutions—it’s also about how we engage with our community and share the insights that drive our strategies. Today, we are excited to announce the launch of our official Instagram account, a new platform where we can connect with you in more dynamic and accessible ways. On LinkedIn, we will start providing more in-depth analysis and longer-form content that delves into investment themes, current affairs, and economic insights shaping global and local financial markets.  On Instagram we want to share to share a more personal side of A&P. You’ll get behind-the-scenes glimpses of our team, insights into our daily operations, and an inside look at how we approach capital markets.  We invite you to follow us on Instagram @apfundmacau to stay connected with our journey as we continue to build a stronger, more resilient financial future for Macau.  #APInvestment #InstagramLaunch #FinancialInsights #MacauFinance #CommunityEngagement #InvestmentTips #FinancialGoals #MarketTrends #InnovativeInvestments #InvestmentCommunity #FollowUs  

𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜 𝐌𝐢𝐥𝐞𝐬𝐭𝐨𝐧𝐞 𝐟𝐨𝐫 𝐌𝐚𝐜𝐚𝐮'𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 On July 3rd , 2024, A&P Investment Fund Management Company Limited proudly launched the first authorized local investment fund denominated in MOP, marking a significant achievement for Macau SAR. This milestone underscores our commitment to pioneering financial solutions managed by local talent.  Established in 2023, A&P was the first to secure a license in Macau SAR, setting new industry standards. Guided by our core principles of Safe, Sound, and Strategic investments, we have meticulously built an investment fund house with expertise in capital allocation and fund design, focusing on providing Macau with a spectrum of sophisticated investment fund options tailored to specific investment mandates and risk-return profiles. Our newly launched 𝗔&𝗣 𝗠𝗮𝗰𝗮𝘂 𝗣𝗮𝘁𝗮𝗰𝗮𝘀 𝗠𝗼𝗻𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗙𝘂𝗻𝗱 represents a pivotal moment in Macau’s financial landscape. Designed specifically on the lower-risk spectrum profile, we aimed to bridge the Interbank Market with the Retail Market of fixed-time deposits, this product provides a liquid, daily redeemable savings-type product. As the first fund of its kind denominated solely in Patacas, it sets a solid foundation for future endeavors and provides a benchmark for the local market. The fund, established by its Management Regulations and published in the Macau Official Bulletin by way of Aviso n.º 003/2024-AMCM, has a strong local foundation. It is managed by A&P Investment Fund Management Company Limited, with Bank of China Macau Branch as its custodian/depositary, Bank of Communications Co., Ltd. Macau as the main trading counterparty, and Bank of China (Macau) Limited as its placing agent. Additionally, the fund is supported by well-known external legal counsel (Leonel Alberto Alves Law Office) and auditors (Ernst & Young). We believe in the transformative power of Collective Investment Schemes, which pool Patacas to create diverse investment opportunities tailored to specific themes, objectives, and risk-return profiles. This open-ended fund with an indefinite duration signifies a new era for Macau's financial industry, showcasing our commitment to strategic, safe, and sound investment principles. A&P is redefining Capital in Macau, and this fund represents our first step. Management Regulations: https://lnkd.in/gC5nRBR3 #FinancialMilestone #MacauFinance #InvestmentFund #CapitalAllocation #CollectiveInvestment #MoneyMarketFund #Patacas

We are pleased to announce our feature in the July Edition of Macau Business with Director José Carlos Matias, where we explore A&P’s impact on the Fund Management Industry in Macao. Our Chairman, Bernardo Alves, and CEO, Abraham Kot, provide exclusive insights into the launch of the A&P Macau Patacas Money Market Fund and discuss our analysis of Macao's financial development. Here’s a sneak preview: https://lnkd.in/gTDGsAdF

The new legal regime of the financial system, approved by Law 13/2023, entered into force this November the first. This new piece of legislation revoked a law that was already 3 decades old and, naturally, in need of reform and updating to cope with new realities in the financial systems at large as well as to provide satisfactory answers to new challenges.   The new law establishes a comprehensive system for the financial subject matters and institutions. It brings several novelties, it also clarifies some issues and paves the way to the modernization and credibility of the Macau financial system and actors, and is more in line with present-day international standards, namely the Basel core principles, and it is also more aligned to the usual practices of neighbouring financial systems. All of these allowing the new law to be a helping tool to increase the relevance of the financial system and the economic diversification of Macau.   In general, some highlights of this new legal framework include, namely, a new type of banking licence thus providing needed flexibility, it addresses issues of fintech, it reduces bureaucratization burdens in some bonds operation issues and, points towards a better governance of financial institutions.   In particular, that is regarding specifically investment funds management companies, such as A&P, it importantly clarifies without any shadow of doubt that these companies are – as they already were – financial institutions, expressly per article 3, 1., 7). It further establishes that investment funds management companies will keep their specific type of financial institution unchanged, thus maintaining the application of Decree Law 83/99/M, of 22, November, Regulates the constitution and operation of investment funds and investment fund management companies.