Discover
Machine learning screens the investable universe for alpha patterns, institutional ownership signals, performance persistence and market structure.
- Manager intelligence
- Cross-asset opportunity mapping
- Signal validation before allocation
Private & Confidential
AI-driven multi-strategy fund
Own the companiesbuilding the future
U.S. equities. Options. Selective alternatives.
“Capital has a price. Resilience deserves a premium.”
Core Investment Thesis
A disciplined fund for a non-linear market
The next cycle will reward investors who can distinguish durable compounding from headline excitement. Our objective is to identify resilient businesses, strategies and market opportunities that can compound through volatility, policy shifts and changing capital costs.
Central Investment Conclusion
Own the exceptional assets most capable of absorbing shocks, defending margins and compounding capital across market regimes.
01
Signal disciplineAI-driven screening narrows the universe to assets and managers demonstrating persistent alpha characteristics.
02
Discretionary judgmentPortfolio construction adapts to valuation, liquidity, geopolitical risk and central-bank conditions.
03
Risk visibilityOptions, sizing, diversification and liquidity management are treated as portfolio design tools, not afterthoughts.
01
Economic Bottlenecks
We favour businesses with strategic control over scarce, mission-critical capabilities.
02
Cash Generation
Capital discipline matters more when the cost of money is no longer free.
03
Pricing Power
Resilient margins help defend intrinsic value when input costs rise.
04
AI Productivity
We seek beneficiaries of AI adoption without relying solely on AI valuation multiples.
Blue Whale Framework
Machine intelligence with portfolio judgment
The fund combines systematic intelligence with a Portfolio Manager’s discretion. The process is designed to surface alpha-generating opportunities, then underwrite them through valuation, risk and market-regime discipline.
Underwrite
Signals become potential positions only after assessment of balance-sheet quality, liquidity, valuation, catalysts, downside risk and portfolio fit.
- Fundamental quality gates
- Volatility and drawdown analysis
- Macro and policy overlays
Compound
Portfolio construction seeks medium- to long-term income and capital appreciation while preserving flexibility across sectors, countries and instruments.
- U.S. equities and options
- Selective alternative assets
- Dynamic risk sizing
Key Facts
Institutional clarity. Private access.
The following key facts are provided for orientation only. All subscriptions are subject to eligibility, jurisdiction, definitive offering documents and the current Private Placement Memorandum.
Fund NameSpiking US Blue Whale Fund
Open-ended fund registered as a sub-fund under Lucerne One VCC.
Minimum InvestmentUSD 500,000
Subject to the current PPM, eligibility and jurisdictional requirements.
Lock-Up Period1 Year
Liquidity terms are governed by fund documentation.
Initial Subscription FeeUp to 2.00%
Charges and expenses should be reviewed in the PPM.
Management Fee2.00% p.a.
Management fee applied per annum, subject to definitive documents.
Performance Fee20%
Performance-fee mechanics are set out in the PPM.
Inception DateJuly 2021
Established track record period subject to investor due diligence.
Portfolio ManagerDr. Clemen Chiang
Portfolio Manager of the Spiking US Blue Whale Fund.
Investor Stewardship
A monthly message from the Portfolio Manager
Investors receive institutional commentary that connects monetary policy, geopolitics, technology, liquidity and portfolio discipline into one coherent investment view.
Portfolio Manager
Dr. Clemen Chiang
Data-driven entrepreneur and Portfolio Manager committed to translating market complexity into disciplined investment decisions.
Portfolio Manager, Spiking US Blue Whale Fund
Founder and CEO, Spiking
AI-driven investment process and investor education
Latest PM Message
July 2026
The Cost of Building the Future AI, energy and capital discipline
This month’s message connects semiconductor sovereignty, elevated energy prices, AI infrastructure spending, Federal Reserve restraint and the resilience of U.S. equities.
Investment ConclusionThe market is not rejecting artificial intelligence. The market is repricing the cost of building it.
Our portfolio discipline remains unchanged: own exceptional businesses with durable advantages, strong balance sheets, pricing power and intelligent capital allocation.
Request Investor Materials
Investor appreciation
A signed copy for every investor.
Next month, Dr. Clemen Chiang will launch The Wall Came Down, a book on options trading and risk visibility. Every investor of the Spiking US Blue Whale Fund will receive a complimentary signed copy when it is ready.
It is our way of saying thank you for your trust. More importantly, it reflects the same philosophy we bring to portfolio management: make risk visible, respect uncertainty and compound through discipline rather than prediction.
Complimentary signed copy for investorsPrivate Investor Journey
Three steps to a qualified conversation
The website is designed to convert serious HNWI, family office and institutional interest into compliant, high-quality conversations before any offering documentation is reviewed.
01
Eligibility screen
Confirm investor status, jurisdiction and suitability before private fund information is shared.
Accredited / professional only
02
Private conversation
Discuss objectives, experience, risk tolerance, liquidity needs and whether the fund may be appropriate for further due diligence.
30-minute introductory call
03
PPM-led onboarding
Subscriptions are accepted only on the basis of the current Private Placement Memorandum and applicable onboarding requirements.
No public offering
Request Private Conversation
For qualifying investors only.
Submit your details to request an introductory conversation. This is not an offer or solicitation. Any investment will be made only through the current PPM and applicable onboarding process.
Frequently Asked Questions
Clear answers for qualified investors beginning initial due diligence on the Spiking US Blue Whale Fund.
Who is the Spiking US Blue Whale Fund website intended for?
The website is intended for professional, accredited, institutional or otherwise qualifying investors who are eligible to receive information on private investment funds in their relevant jurisdiction.
Is this website an offer to invest?
No. The website is for general information only and is not an offer, solicitation, recommendation, prospectus or product disclosure document.
How are subscriptions accepted?
Subscriptions are accepted only from eligible investors and only on the basis of the current Private Placement Memorandum and applicable onboarding requirements.
What is the investment focus?
The fund focuses on an AI-informed, portfolio-manager-led process across U.S. equities, options and selective alternative opportunities, subject to the fund documents and risk framework.
How can a qualified investor begin due diligence?
A qualified investor may request a private introductory conversation through the website. The conversation is for information purposes only and does not constitute an offer or solicitation.
Risk Warnings & Disclosures
The following statements preserve the access, risk and non-solicitation posture of the existing fund website while presenting them in a premium, investor-friendly format.
Summary of information
This website contains general information only and should not be considered to be comprehensive or purport to comprise all the information that an investor should consider when making an investment decision. This website is not a prospectus, disclosure document, product disclosure statement or other offering document under any law. The information in this website remains subject to change without notice. Lucerne Asset Management Pte. Ltd. (“LAM”) is not responsible for providing updated information and assumes no responsibility to do so.
Not financial product advice
The financial information provided in this website is for information purposes only. The information contained in this website is not financial product advice, investment advice or a recommendation to acquire securities and has been prepared without taking into account the objectives, financial situation or needs of any person or entity. Before making an investment decision prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, and seek legal, taxation and financial advice appropriate to their jurisdiction and circumstances.
Not an offer
This website is not, and should not be considered as, an offer or solicitation to buy, or an offer to invest, or to procure an investment in, or sell any funds or securities or any other financial products. Neither this document nor any of its contents will form the basis of any contract or commitment to act as a securities broker or dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer in that jurisdiction.
Investors and subscription
Prospective investors should carefully consider the risk warnings and disclosures set out in the relevant fund documents. Subscriptions will only be received from professional or accredited investors and investments accepted only on the basis of the current Private Placement Memorandum. An investment in any fund is not the same as a deposit with a banking institution. Please refer to the PPM for details on investment risks, charges and expenses.
Past performance and forward-looking statements
The value of an investment may go down as well as up and investors may get back less cash than originally invested. Past performance is not necessarily a guide to future performance. This website contains certain forward-looking statements and opinions based on assumptions and contingencies which are subject to change without notice. No representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or forecast.
Existing relationship, confidentiality and liability
LAM and its affiliates may have a relationship with companies that are the subject of this website and may trade in securities mentioned in this website either for their own account or for the accounts of their clients. This document contains information that is strictly confidential. You must not directly or indirectly disclose to any person or copy, use, publish or record in any form any part of this document for any purpose without the prior written consent of LAM. The information contained in this website has been compiled in good faith using sources believed to be reliable; however, LAM and its affiliates expressly disclaim, to the maximum extent permitted by law, all liabilities in respect of this website and make no representation or warranty as to the currency, accuracy, reliability or completeness of any information, statements, opinions, conclusions or representations contained herein.