Excited to announce that A&P Investment Fund Management has surpassed $100M MOP in Assets Under Management! Attached to this is a story written by the Founder and Chairman of A&P Bernardo Alves. Mr.Bernardo shares the story of how his idea of creating a fund became a reality and how this fund will be building a new financial landscape in Macau. Read along and follow the page for more updates and news about the historic journey of A&P Investment Fund Management.
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.
