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our team
The Ternary team comprises professionals with extensive experience in regulatory compliance and capital management.
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We work alongside top fund managers to create world class funds which span from traditional hedge funds and private equity to cutting edge venture capital and quant funds. With our experience forming and administering blockchain funds in the early days of the industry, Ternary has developed a particular expertise in this nascent sector.
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Ternary is a Capital Markets Services (CMS) Licensed Fund Management Company (LFMC) by the Monetary Authority of Singapore (MAS).
CEO
Edward Choi
Mr. Choi is the Co-Founder and Chief Executive Officer of Ternary Fund Management. He brings three decades of diverse financial expertise to the firm, including twenty years as a hedge fund manager across Asian equity markets.
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From 2013 to 2019, Mr. Choi managed the Choi Falcon Asia Fund, an Asian long/short equity strategy at Gordian Capital Singapore. His leadership experience also includes serving as CEO and Fund Manager at Truston Asset Management Singapore (2011–2013) and a six-year tenure as Managing Director at Elmwood Advisors (2005–2011).
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Before transitioning to the hedge fund space, Mr. Choi built a solid foundation across investment banking, equity research, venture capital, and investor relations. He served as an M&A banker at Bankers Trust and Deutsche Bank (1994–2000), followed by a role as a Senior Equity Analyst at CLSA (2000–2001). He then served as Chief Investment Officer (CIO) of eKorea Venture Capital (2001–2003) and subsequently as Head of Investor Relations at KB Financial Group (2003–2005). Earlier in his career, Mr. Choi served as a Lieutenant in the Republic of Korea Air Force at the Joint Chiefs of Staff.
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Mr. Choi earned a B.A. in Economics from SUNY Stony Brook (1988) and an MBA from Carnegie Mellon University (1991).
CIO
Jason Chan
Jason is currently serving as the Chief Investment Officer at Ternary and its private equity fund. Prior to establishing Ternary, he held the position of Managing Partner at Z10 Capital Ltd, a privately owned PE firm that specializes in pre-IPO investments in Hong Kong and China.
He began his career as a physical trader at Arbed Group and later joined the Iron Ore Division at Noble Group in Hong Kong, where he built an extensive network in the shipping and iron and steel industry.
Leveraging on his background in commodities, trade, and finance, Jason established multiple companies that focused on commodities trading and investing.
Jason holds a BA in Economics and Political Science from the National University of Singapore and is an alumnus of the Stanford Graduate School of Business.
Director
Eugene Chiang
Eugene is a serial entrepreneur and his business experience spans across Asia Pacific. His firm is one of Apple’s top 200 global suppliers. He led the company through a successful M&A in 2018.
Eugene’s commitment to giving back to the community is strongly aligned with Ternary’s philosophy of making the world a better place. He is an avid supporter of Sian Chay Medical Institution.
CFO
Peter Tan Chee Cheng
Peter has over 20 years experience in financial information project management, edible oil trading, business administration and corporate finance.
Leveraging his strong project and deal management capability, Peter supports and contributes to the growth of Ternary.
Peter holds a Bachelor’s degree in Accountancy from Nanyang Technological University, Singapore.
Fund Manager
Yongchuan Pan
Prior to his current role as the fund manager of the Ternary Cypress Fund, Yongchuan spent 12 years with D E Shaw & Co trading in distressed and asset-backed investments.
From 2006-2012, Yongchuan was based in New York, responsible for trading asset-backed securities and related instruments.
Moving to London in 2012, Yongchuan was tasked with developing DE Shaw's European distressed assets segment with a focus on peripheral European countries, in particular Spain and Italy.
During this period, Yongchuan raised three distressed funds before moving to Hong Kong in 2015 to grow the firm's Greater China distressed portfolio.
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​Yongchuan graduated magna cum laude from Cornell University in 2006 with a Bachelor of Science in Operations Research and Industrial Engineering.
Fund Manager
Changsung Kim
Changsung is the lead arbitrage quant and co-founder of the Alphanonce Market Neutral fund, a multi strategy crypto arbitrage fund.
Prior to joining Ternary, Changsung worked as global alpha researcher at Trexquant and as a software engineer at VCNC and Warevalley.
He holds a Bachelor of Science in Electrical Engineering from Seoul National University and won a gold prize in KPhO (Physics Olympiad) during his high school days.
Operations Manager
Hoo Chui Whei
Having developed a keen interest in fund management over the course of her career, Chui Whei joined Ternary as an Operations Associate, supporting the operational growth of the company.
Prior, she spent 6 years managing a diverse range of administrative and operational functions in the banking industry.
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Chui Wei curently leads the operations team within Ternary and oversees the execution of fund setup and operations.
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Chu Whei holds a Bachelor of Business (Banking and Finance) degree from The National University of Malaysia.