Who Are We
Calais is a Singapore-headquartered quantitative investment fund specializing in multi-asset yield enhancement, portfolio optimization and systematic investment strategies across traditional and digital assets.
The firm leverages quantitative research, rigorous risk management and systematic execution to manage a diversified suite of strategies, including market-neutral arbitrage, options volatility trading, statistical arbitrage and CTA strategies.
Calais manages capital for qualified investors and institutional clients. Drawing on macro analysis, cross-asset research and AI-powered modeling, the firm constructs diversified portfolios with disciplined risk controls and clearly defined risk-return objectives. Beyond Beta, Building Alpha.
We don’t rush to win.
We compound to
great wealth.
- Vision
- Streams converge into oceans.
So too does capital, when patiently
compounded. - Mission
- To wield technology as our edge in
capital markets. - Values
- Persist. Serve. Excel. Deliver.
Our Philosophy

Data-Driven
Model-GuidedWe believe that objective data and rigorous models are the cornerstones of stable returns. Our investment decisions are not based on subjective speculation, but on in-depth analysis of multi-dimensional market data and continuous optimization of quantitative models. We adhere to the discipline of "letting data speak" to avoid emotional biases and ensure the rationality and consistency of investment strategies.

Across Regimes
Market-AdaptiveThe financial market is constantly evolving, and continuous innovation is the key to long-term success. We keep pace with market changes, actively explore new strategy directions and technological tools, and promote the iterative evolution of our investment system. We embrace change and turn market complexity into opportunities.

Stability First
Long-Term OrientedCapital preservation and steady appreciation are our primary goals. We prioritize stability in every link of strategy design, backtesting and execution, and build a multi-layered risk control system to resist market volatility. We focus on long-term compound growth rather than short-term speculative gains, and strive to create sustainable value for investors across market cycles.
Team Leadership
Lily Yan
CEO & Co-Founder
Lily holds a Master's degree from Shanghai Jiao Tong University and a FinTech EMBA from Tsinghua University's PBC School of Finance. She specializes in investments across data science & technology, privacy computing, and cryptographic science.
Max Guo (Dr.)
Chief Risk Officer
Max holds a Ph.D. in Economics from the National University of Singapore. He brings experience from a Tier 1 Hedge Fund, where he specialized in quantitative strategy, investment portfolio allocation, and risk management.
Richard Ding (Dr.)
COO
Richard holds a Ph.D. in Artificial Intelligence and is an AI Scientist with prior experience at Alibaba and PwC. He specializes in investments at the intersection of deep learning, large language models, agent systems, and finance.
Ken Hew (FCCA)
Director of Compliance
Ken is a Senior Accountant and Fellow Member of the Association of Chartered Certified Accountants (ACCA). With prior experience at KPMG, he specializes in risk control processes, tax optimization, and financial planning.
Yani Gong
Investment Manager
Yani holds a Master's degree from Nanyang Technological University and a Bachelor's degree from the National University of Singapore. She brings extensive experience in fund management and investment, having come from a Singapore-licensed private equity fund with over USD 200 million under management.
