At the Third China Overseas Fund Summit and Overseas Fund Xinzhi Awards Ceremony, hosted by leading Chinese financial media outlet Zhitong Finance in 2025, iOne Capital received the Star Global Macro Strategy Fund Award in the 5–10 Year Category.
iOne Capital was the only fund winner in this category.
Dr. Yifan Liu, Partner at iOne Capital, was invited to attend the awards ceremony.
About iOne Capital Management
➢ iOne Capital Management LLC is an investment management firm registered in New Jersey, United States. Founded in 2015, the firm holds a U.S. RIA (Registered Investment Adviser) license and has offices in Shanghai, New York, and Singapore.
➢ iOne Capital currently focuses primarily on the U.S. secondary market, with exposure across multiple asset classes including U.S. equities, U.S. Treasuries, gold, and cryptocurrencies. iOne also follows other global emerging markets and related asset classes.
➢ iOne Capital aims to generate long-term, sustainable, and attractive investment returns. The firm makes investment decisions from both macro and micro perspectives, combining fundamental and quantitative approaches. iOne’s investment framework incorporates a broad set of tools, including macro analysis, valuation, machine learning, portfolio theory, and information theory.
➢ In the Xinzhi Awards ranking, iOne Multi Asset Strategy Fund, a Cayman fund managed by iOne Capital, ranked first.
Acceptance Remarks from Dr. Yijia Fan, Founder and Managing Partner of iOne Capital
We are deeply grateful to Zhitong Finance for this recognition and award. This award carries special meaning for us — not only because it is presented by a leading Chinese financial media platform focused on overseas markets, but also because it recognizes long-term investment performance.
When looking at fund performance rankings, one can observe an interesting phenomenon. If we look at rankings based on short-term returns, such as annual performance rankings, the funds at the top tend to change almost every year. But once the time horizon extends beyond five years, and especially to ten years or longer, the list of top-performing funds becomes much more stable and does not change dramatically from year to year. In fact, most funds do not survive for ten years, let alone generate excess performance over that period.
What is even more interesting is that many funds with outstanding long-term returns are usually not the ones that deliver the highest returns in most individual years.
Why is that the case? Experienced investors understand the reason: funds with strong long-term performance usually succeed because they are able to identify and hold on to long-term sources of certainty. Yet in the short run, that long-term certainty is often obscured by various forms of randomness, making such funds appear less impressive over shorter periods.
By contrast, funds that experience explosive short-term performance are often benefiting from some form of short-term randomness. If a fund mistakes that randomness for certainty, then as time passes and conditions reverse, its advantage will no longer persist.
Since iOne Capital was founded, one of our most important principles has been to identify and remain invested in assets with long-term, sustainable return potential. Compared with capturing short-term excess profits, we place greater emphasis on capturing long-term certainty. Nearly ten years of performance history have demonstrated that adhering to investment and trading principles grounded in long-term, sustainable, and relatively certain returns is superior to pursuing short-term, random profits. All investors who have followed us over the long term have benefited meaningfully as a result.
On the topic of how investors should evaluate historical performance and select investment products, we previously discussed this in detail in an interview with Zhitong Finance. Readers interested in learning more may refer to our prior discussion: “A Postdoctoral Researcher Founded a Private Fund Ten Years Ago, Achieving Annualized Returns of Over 25%, After Previously Regulating Wall Street Institutions.”
We thank all iOne Capital investors for their support, and we wish all investors strong and sustainable long-term returns.
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