The Record The Fund Our Way People Contact

Eu Capital · Singapore · Est. 2015

Patience, compounded.

We are a small Singapore fund manager. For ten years we have done one thing for the families who trust us: grow their wealth, carefully.

+147%

Valence Global Fund, cumulative return since inception, May 2018 – May 2026

2015
Founded in Singapore, independent since day one
+147%
Valence Global Fund, cumulative since May 2018
12.0% p.a.
Annualised over eight full market cycles of weather
MAS
Capital Markets Services licensed fund manager

The Record

Unvarnished.

Eight years. Two losing years. Every calendar year since inception — no smoothing, no cherry-picking. We believe honesty about the hard years is what makes the good ones believable.

What $100,000 became

Valence Global Fund · May 2018 – May 2026
Valence Global Fund · May 2018 – May 2026
PeriodValue of $100,000

Calendar-year returns

Net returns, % per year
Net returns, % per year
YearReturn (%)

* 2018 covers May–December (from inception). † 2026 is year-to-date as of May. Cumulative and annualised figures are derived from the calendar-year returns shown. Past performance is not indicative of future results.

Valence Global Fund

One fund, carried with conviction.

Our flagship is a global, unconstrained portfolio — free to go where value is, and to wait when it isn't. Our own capital is invested alongside yours, in the same units, at the same price.

Inception
May 2018
Structure
Singapore private unit trust
Bloomberg
VALEGLO:SP
ISIN
SG9999018998
Approach
Global, unconstrained, long-term
Eligibility
Accredited investors (MAS)
Singapore skyline at first light across still water

How we serve

Two ways to sit at our table.

Where most clients begin

Valence Global Fund

One decision: invest alongside us. The same portfolio, the same terms, the same outcomes for every unitholder — including the six of us.

Explore the fund →

Discretionary Portfolio Management

A bespoke mandate shaped around your family's circumstances, for those whose needs a single fund cannot hold.

Start a conversation →
Tea being poured into porcelain cups in soft morning light

Our Way

Old values. Modern discipline.

The values our grandparents kept are the ones markets reward — held to with research, risk limits and daily rigour.

Integrity

We eat our own cooking. Our money sits in the same fund as yours, and we answer for every result — including the bad years, in writing.

Frugality

A small office on Club Street, no marble lobby. Costs compound just like returns — we keep ours low so yours grow faster.

Patience

We measure in decades, not quarters. The best investment decisions we ever made were the ones we didn't rush.

The People

Small by design.

Six people. No call centres, no relationship-manager roulette. The people who answer the phone are the people who manage your money.

KE
Kelvin Eu
Founder & CEO · 25+ years — OCBC, Citibank, Credit Suisse
ST
Stanley Teoh
Chief Investment Officer · ex-UBS
FL
Fong Li Li
General Manager · founding team
SG
Sylvester Goh
Head of Investor Relations
SW
Serena Wan
Compliance Officer
JY
Jean Yeo
Client Advisor
Heritage shophouses on Club Street, Singapore, at dawn

Contact

Come for tea.

The kettle is always on at 7A Club Street. Or write to us — a real person replies, usually the same day.

Write to us
Visit7A Club St, Singapore 069403
Call+65 6221 1929
Writecontact@eucapital.com.sg

Eu Capital Pte Ltd serves accredited investors, as defined under MAS guidelines.