To Our Valued Clients, Partners, and Colleagues,

 

As we close the second year of operations at Saichild Financial Holdings Limited, we are pleased to report steady progress in deepening our foundations, expanding our investment footprint, and reinforcing our commitment to long-term, disciplined capital stewardship. The year 2010 represented an important phase in our evolution — one defined by early execution, relationship building, and the validation of our approach in real-world market conditions.

 

The global economic environment in 2010 continued to reflect a cautious recovery from the financial crisis. While major economies had returned to a path of gradual growth, risk sentiment remained uneven. Central banks maintained accommodative policies, markets began to stabilise, and capital started to flow back into risk assets. However, the scars of the previous crisis were still visible in both investor behaviour and asset pricing, creating what we believed was a uniquely attractive environment for selective, high-conviction deployment.

 

Building upon the groundwork laid in 2009, our focus during the year was twofold: strengthening the firm’s internal infrastructure and initiating a more active investment programme. Operationally, we enhanced our research capabilities, formalised our internal investment committee processes, and implemented systems that would support scale — including portfolio analytics, risk monitoring, and client reporting frameworks. These additions ensured that every aspect of our investment process was supported by rigor and transparency.

 

Our investment activity gained meaningful traction during the year. With a cautious yet opportunistic lens, we expanded into a broader set of asset classes, including structured credit, small-cap equities, and private special situations. Several of these positions reflected our contrarian philosophy — backing assets that were misunderstood or temporarily mispriced by the broader market. Throughout all deployments, we remained grounded in our philosophy of downside protection and asymmetric upside.

 

We are pleased to report that our Assets Under Management grew to USD13 million by year-end. This growth was driven by both capital appreciation and continued support from our founding investors, alongside a select number of new capital partners who aligned with our long-term vision and values. While our scale remains intentionally modest, we believe this disciplined approach to growth allows us to remain nimble and focused.

 

Importantly, 2010 marked the beginning of deeper investor engagement. We held our first formal investor discussions and began sharing detailed insights on portfolio positioning, macro outlooks, and investment rationales. These conversations reaffirmed the trust placed in us and underscored the value of open, long-term partnership.

 

As we reflect on 2010, we do so with a strong sense of clarity and conviction. Saichild was founded not to chase short-term gains, but to build an enduring investment house — one capable of growing thoughtfully across cycles and creating meaningful outcomes for the families, individuals, and institutions we serve.

 

We extend our sincere thanks to all our partners and investors for your continued support and belief in our journey. We remain committed to delivering excellence, transparency, and alignment in all that we do.

 

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Yours sincerely,

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Paulus Saichild

Executive Director