To Our Valued Clients, Partners, and Colleagues,

 

We are pleased to share our reflections on 2011 — a year in which Saichild Financial Holdings Limited made meaningful strides in developing its investment platform, refining its strategy, and strengthening the confidence of our investors. Now in our third year of operations, we continued to focus on building a durable foundation for long-term success, rooted in rigorous analysis, risk-aware execution, and principled capital management.

 

Global markets in 2011 were marked by renewed volatility and uncertainty. The year began with cautious optimism, but sentiment shifted sharply mid-year with the escalation of the European sovereign debt crisis. Investor confidence wavered as concerns over systemic risk resurfaced. At the same time, geopolitical instability and uneven economic recovery in key markets added to the complexity of the investment landscape. For us at Saichild, these dynamics reaffirmed the importance of maintaining flexibility, discipline, and a long-term perspective in how we allocate capital.

 

In response to this evolving backdrop, we focused our efforts on deepening research, stress-testing our theses, and being highly selective in new deployments. Our team expanded its coverage across industries and regions, and we became more active in monitoring macro signals that could inform our risk posture. This year also saw the refinement of our internal portfolio construction framework — one that balances conviction with diversification and risk with return potential.

 

From an investment perspective, 2011 was a year of cautious engagement. We maintained exposure to core positions in high-quality credit and selectively added to special situation opportunities in Asia and Europe, where market dislocations presented attractive entry points. We also began exploring alternative strategies with a focus on capital-efficient structures that aligned with our return targets while protecting downside.

 

Our approach continued to be validated by both performance and investor response. By the end of 2011, our Assets Under Management reached USD18 million, representing steady growth in both portfolio value and committed capital. This progress was achieved not through rapid expansion, but through thoughtful portfolio management and the continued trust of our capital partners — several of whom increased their allocations following active engagement throughout the year.

 

Equally important, 2011 marked a step forward in our client communication efforts. We began providing quarterly investment briefings and market commentary, offering investors greater insight into our thinking, our strategy, and the principles behind our decisions. We view this transparency as essential to building durable relationships and reinforcing the alignment that is central to our ethos.

As we reflect on the past twelve months, we are reminded that progress in investing — and in business — is rarely linear. It requires patience, preparation, and the humility to adapt. At Saichild, we are committed to these ideals. We remain focused on building an enduring investment platform that can navigate through uncertainty, capture long-term opportunity, and deliver on our promises to those who have entrusted us with their capital.

 

We thank you — our investors, partners, and advisors — for your continued support. Your confidence fuels our purpose, and your belief in our strategy empowers us to grow responsibly.

 

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Yours sincerely,

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Paulus Saichild

Executive Director