{"id":7079,"date":"2026-04-13T08:08:18","date_gmt":"2026-04-13T08:08:18","guid":{"rendered":"https:\/\/galileeinvestment.com\/?page_id=7079"},"modified":"2026-04-15T03:19:39","modified_gmt":"2026-04-15T03:19:39","slug":"q2-2026-newsletter","status":"publish","type":"page","link":"https:\/\/galileeinvestment.com\/zh\/q2-2026-newsletter","title":{"rendered":"Q2 2026 Newsletter"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"7079\" class=\"elementor elementor-7079\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-vxa65ev elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"vxa65ev\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeIn&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6815a44\" data-id=\"6815a44\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad126a0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ad126a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd9815a elementor-absolute elementor-widget elementor-widget-heading\" data-id=\"cd9815a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Q2 Investors' Newsletter <br> April 2026<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-edbee3d e-flex e-con-boxed e-con e-parent\" data-id=\"edbee3d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ae9af9c elementor-widget elementor-widget-spacer\" data-id=\"ae9af9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab5e16c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab5e16c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48b4075\" data-id=\"48b4075\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e6a09ce elementor-widget elementor-widget-heading\" data-id=\"e6a09ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Galilee Investment Management <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2d5a6b elementor-widget elementor-widget-heading\" data-id=\"f2d5a6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><span style=\"font-size: 29px;font-style: normal\">Message from Chief Executive Officer<\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fd08d43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd08d43\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9a9d5a5\" data-id=\"9a9d5a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3c4df9 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"a3c4df9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"250\" height=\"250\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2023\/10\/joseph_leadership.png\" class=\"attachment-medium size-medium wp-image-4737\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2023\/10\/joseph_leadership.png 250w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2023\/10\/joseph_leadership-150x150.png 150w\" sizes=\"(max-width: 250px) 100vw, 250px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-887fdb7 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"887fdb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><strong>\u00a0<\/strong><\/p><p><b>Mr. Joseph Ong,\u00a0<\/b><\/p><p><b>\u9996\u5e2d\u6267\u884c\u5b98<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-378a12a\" data-id=\"378a12a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-286044e elementor-widget elementor-widget-heading\" data-id=\"286044e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-medium\"><b>Dear Investors,<\/b><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8463fbf elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"8463fbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"115\" data-end=\"275\">As we pass the first quarter of the year, I would like to express my heartfelt appreciation for the continued support and partnership of all our stakeholders.<\/p><p data-start=\"277\" data-end=\"728\">The start of 2026 has been shaped by a series of global developments across political, economic, and social landscapes. Ongoing geopolitical tensions, regional conflicts, and shifting policy directions in major economies have continued to influence sentiment and create uncertainty across global markets and industries. These developments have had broad ripple effects across trade, supply chains, energy dynamics, and business confidence worldwide.<\/p><p data-start=\"730\" data-end=\"1047\">While such external factors remain beyond our control, we remain focused on maintaining a disciplined and forward-looking approach. We continue to closely monitor the global environment and place strong emphasis on robust due diligence, both in managing our existing investments and in evaluating new opportunities.<\/p><p data-start=\"1049\" data-end=\"1142\">Detailed performance insights will be shared by each team in their respective fund updates.<\/p><p data-start=\"1144\" data-end=\"1333\">We are also pleased to share that our new VCC partnerships and sub-fund launches are progressing well, and we are on track for their anticipated launch in the second quarter of this year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-13dc398 e-flex e-con-boxed e-con e-parent\" data-id=\"13dc398\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ac256e4 e-con-full e-flex e-con e-child\" data-id=\"ac256e4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b2a2bcb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"b2a2bcb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8ae504 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8ae504\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ede5368\" data-id=\"ede5368\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a09dc31 elementor-widget elementor-widget-heading\" data-id=\"a09dc31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">appointment of Ms. Tan E-Laine as Legal and Compliance Counsel<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-923da32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"923da32\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a5d8a7\" data-id=\"9a5d8a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0409d77 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0409d77\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c1b5279\" data-id=\"c1b5279\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa77b08 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"fa77b08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"205\" height=\"200\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-07-151650_resized.png\" class=\"attachment-medium size-medium wp-image-7072\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-07-151650_resized.png 205w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/Screenshot-2026-04-07-151650_resized-12x12.png 12w\" sizes=\"(max-width: 205px) 100vw, 205px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fbbe13 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"8fbbe13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><strong>\u00a0<\/strong><\/p><p><b>Ms Tan E-Laine<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f881b34\" data-id=\"f881b34\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d4f89af elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"d4f89af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit;\">E-Laine brings with her over two decades of legal, regulatory, and compliance experience. She previously served at Singapore Post Limited for 16 years, where she built and led the Regulatory Affairs function, ultimately holding the position of Director\/Vice President. In this capacity, she was a trusted advisor to senior leadership, overseeing complex legal and regulatory matters across competition law, corporate transactions, compliance frameworks, and government engagement.<\/span><\/p><p>Her background includes navigating high-stakes regulatory environments, managing legal and regulatory risks, and strengthening governance standards through various enterprise-wide initiatives. She has led enterprise-wide compliance initiatives, advised on data privacy and regulatory strategy, and played a key role in shaping regulatory frameworks while working closely with government and regulatory authorities.<\/p><p>Prior to her corporate career, E-Laine was in private legal practice, where she advised leading financial institutions and represented clients in both the State and High Courts of Singapore. She is admitted as an Advocate and Solicitor of the Supreme Court of Singapore, and Barrister-at-Law, England &amp; Wales (Middle Temple).<\/p><p>At Galilee, E-Laine will oversee the firm\u2019s legal, regulatory, and compliance functions. She looks forward to supporting the team in ensuring robust governance as the firm continues to grow. Her expertise, sound judgment, and strong ethical foundation will be instrumental as Galilee expands its business and strengthens its institutional capabilities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-0499e22 e-flex e-con-boxed e-con e-parent\" data-id=\"0499e22\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7e4f4ea e-con-full e-flex e-con e-child\" data-id=\"7e4f4ea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2a90569 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2a90569\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1bad0f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1bad0f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3e6f735\" data-id=\"3e6f735\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ea4ba1 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"0ea4ba1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Join us as we extend a warm welcome to Ms. Tan E-Laine as she joins the growing Galilee family!<\/p><p><strong>That is all from me but do read on for fund specific updates by clicking on the button below. We would like to thank you for your patience and continued support. Please feel free to reach out to us if you have any feedback.<\/strong><\/p><p>Regards,<\/p><p>\u738b\u57f9\u6c49<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-51b846e e-flex e-con-boxed e-con e-parent\" data-id=\"51b846e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3ed264a e-con-full e-flex e-con e-child\" data-id=\"3ed264a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ce4e9a7 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ce4e9a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-89fe29e e-grid e-con-boxed e-con e-parent\" data-id=\"89fe29e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb97958 elementor-align-center elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"cb97958\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#GIFVCCSF1\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Galilee Fixed INcome FUnd<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b742a49 elementor-align-center elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"b742a49\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#CPF\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Compounder Fund<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4fed43 elementor-align-center elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"a4fed43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#VCF\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Vision capital fund<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af7d837 elementor-align-center elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"af7d837\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#SMA\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">SMA<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7dfa3a6 e-flex e-con-boxed e-con e-parent\" data-id=\"7dfa3a6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-63cadfb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"63cadfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-07c2575 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"07c2575\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd8bda9\" data-id=\"fd8bda9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64ace73 elementor-widget elementor-widget-heading\" data-id=\"64ace73\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"GIFVCCSF1\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Galilee Fixed Income Fund<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ecdde24 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ecdde24\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a655e4d\" data-id=\"a655e4d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86d3b19 elementor-widget elementor-widget-text-editor\" data-id=\"86d3b19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><u>Fund Description:<\/u>\u00a0The Fund adopts a diversified investment strategy focusing on sourcing and evaluating public and private fixed income products, specifically in areas of specialty financing, senior\/subordinate real estate backed debt, factoring\/trading financing, direct lending and corporate bonds, offered globally, to provide investors with a stable and consistent dividend yield through the market cycle.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e93aa81 elementor-widget elementor-widget-heading\" data-id=\"e93aa81\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Fund Updates<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60ebd4b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60ebd4b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-847ce93\" data-id=\"847ce93\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0f1b7d3 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"0f1b7d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"233\" data-end=\"419\">We are pleased to announce that s<span style=\"font-style: inherit; font-weight: inherit;\">ince inception, the <\/span><span style=\"font-style: inherit;\"><b>Galilee Fixed Income Fund<\/b><\/span><span style=\"font-style: inherit; font-weight: inherit;\"> has delivered a <\/span><strong style=\"font-style: inherit;\" data-start=\"819\" data-end=\"862\">consistent annualized return of 9%<\/strong><span style=\"font-style: inherit; font-weight: inherit;\">, with <\/span><strong style=\"font-style: inherit;\" data-start=\"869\" data-end=\"899\">quarterly dividend payouts<\/strong><span style=\"font-style: inherit; font-weight: inherit;\"> \u548c <\/span><strong style=\"font-style: inherit;\" data-start=\"904\" data-end=\"950\">no defaults across 15 consecutive quarters<\/strong><span style=\"font-style: inherit; font-weight: inherit;\">, highlighting our commitment to capital preservation and steady income generation.<\/span><\/p><p data-start=\"1035\" data-end=\"1280\">While there has have been no material changes in our investment portfolio over the past quarter, we remain measured in our approach to Cambodia-centric investments and are focused on maintaining disciplined capital deployment aligned with risk-adjusted return objectives.<\/p><p>The affordable housing initiative within the Manhattan Special Economic Zone (MSEZ) remains in the feasibility study stage. The team had successfully conducted a project kick-off meeting in February with the appointed architect where we outlined our vision and key development objectives of the project. This was followed by a few interim working session to refine preliminary massing options presented to ensure that the project is financially viable and appropriately structured before proceeding further. Discussion are currently still ongoing. We will provide further updates as we progress.<\/p><p>In parallel, we continue to actively assess investment opportunities in the region that demonstrate strong underlying fundamentals and are consistent with our return thresholds as part of our broader pipeline diversification strategy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2bb6cf9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2bb6cf9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fb8b830\" data-id=\"fb8b830\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea7dcff elementor-widget elementor-widget-text-editor\" data-id=\"ea7dcff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-size: 16px; font-style: normal; font-weight: 400;\"><a style=\"font-size: 1rem; background-color: #ffffff; outline: 0px;\" href=\"https:\/\/forms.gle\/Ybf6Qs323RcWGBMh8\" target=\"_blank\" rel=\"noopener\">\u70b9\u51fb\u6b64\u5904\u00a0<\/a><span style=\"font-style: inherit; font-weight: inherit;\">or\u00a0<\/span><span style=\"font-size: 1rem;\">contact<\/span><span style=\"font-size: 1rem;\">\u00a0<\/span><a style=\"font-size: 1rem; background-color: #ffffff;\" href=\"mailto:investor_relations@galileeinvestment.com\" target=\"_blank\" rel=\"noopener\">investor_relations@galileeinvestment.com<\/a><span style=\"font-style: inherit; font-weight: inherit;\">\u00a0if you wish to find out more!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-81b0ebf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81b0ebf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2891787\" data-id=\"2891787\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f59ecaf elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f59ecaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-f4f575e e-flex e-con-boxed e-con e-parent\" data-id=\"f4f575e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-768a5ef elementor-widget elementor-widget-heading\" data-id=\"768a5ef\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Latest Economic Developments in Cambodia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45b4761 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45b4761\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b275be6\" data-id=\"b275be6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa68ceb elementor-widget elementor-widget-image\" data-id=\"aa68ceb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.khmertimeskh.com\/501867389\/cambodia-condo-market-q1-2026-prices-demand-investment-trends\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"750\" height=\"440\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/24032607.jpg\" class=\"attachment-full size-full wp-image-7087\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/24032607.jpg 750w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/24032607-300x176.jpg 300w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/24032607-18x12.jpg 18w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-cb4f4ba\" data-id=\"cb4f4ba\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea533f2 elementor-widget elementor-widget-heading\" data-id=\"ea533f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\"><a href=\"https:\/\/www.khmertimeskh.com\/501867389\/cambodia-condo-market-q1-2026-prices-demand-investment-trends\/\" target=\"_blank\">Cambodia condo market Q1 2026: Prices, demand &amp; investment trends<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b23979a elementor-widget elementor-widget-text-editor\" data-id=\"b23979a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The first quarter of 2026 is sending a strong signal: Cambodia\u2019s condominium market is entering a new phase of confidence and maturity. <a href=\"https:\/\/www.khmertimeskh.com\/501867389\/cambodia-condo-market-q1-2026-prices-demand-investment-trends\/\" target=\"_blank\" rel=\"noopener\">Full article here (Khmer Times).<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad0a668 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ad0a668\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0712b17\" data-id=\"0712b17\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-715115b elementor-widget elementor-widget-image\" data-id=\"715115b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/khmertimeskh.com\/501858970\/the-top-3-phnom-penh-sangkat-land-prices-at-the-end-of-2025\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"440\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/10032603.jpg\" class=\"attachment-full size-full wp-image-7086\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/10032603.jpg 750w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/10032603-300x176.jpg 300w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/10032603-18x12.jpg 18w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-17d522c\" data-id=\"17d522c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2548868 elementor-widget elementor-widget-heading\" data-id=\"2548868\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\"><a href=\"https:\/\/khmertimeskh.com\/501858970\/the-top-3-phnom-penh-sangkat-land-prices-at-the-end-of-2025\/\" target=\"_blank\">The top 3 Phnom Penh Sangkat land prices at the end of 2025<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f62929 elementor-widget elementor-widget-text-editor\" data-id=\"7f62929\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>According to the latest data released by the Cambodian Valuers and Estate Agents Association (CVEA) report, Phnom Penh\u2019s land market in the second half of 2025 showed signs of a healthy adjustment and the land price settled at $1,790 per square meter at the end of last year. <a style=\"background-color: #ffffff;\" href=\"https:\/\/khmertimeskh.com\/501858970\/the-top-3-phnom-penh-sangkat-land-prices-at-the-end-of-2025\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-start=\"429\" data-end=\"549\" data-is-last-node=\"\">Full article here (Khmer Times)<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1075cbf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1075cbf\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-135ceda\" data-id=\"135ceda\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-651feec elementor-widget elementor-widget-image\" data-id=\"651feec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.khmertimeskh.com\/501847291\/cambodias-real-estate-market-on-a-comeback-experts-say\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"440\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/117215.jpg\" class=\"attachment-full size-full wp-image-7085\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/117215.jpg 750w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/117215-300x176.jpg 300w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/117215-18x12.jpg 18w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0216cce\" data-id=\"0216cce\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db172ac elementor-widget elementor-widget-heading\" data-id=\"db172ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\"><a href=\"https:\/\/www.khmertimeskh.com\/501847291\/cambodias-real-estate-market-on-a-comeback-experts-say\/\" target=\"_blank\">Cambodia\u2019s real estate market on a comeback, experts say<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcc8ddb elementor-widget elementor-widget-text-editor\" data-id=\"bcc8ddb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Cambodia\u2019s real estate sector is projected to grow at a slower pace this year, but strong demand for residential properties, particularly affordable condominiums, continues to support the market, industry insiders say. <a href=\"https:\/\/www.khmertimeskh.com\/501847291\/cambodias-real-estate-market-on-a-comeback-experts-say\/\" target=\"_blank\" rel=\"noopener\">Full article here (Khmer Times).<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e20f669 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e20f669\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-68a52ca\" data-id=\"68a52ca\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e98ebae elementor-widget elementor-widget-image\" data-id=\"e98ebae\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.khmertimeskh.com\/501831263\/cambodia-extends-exemption-and-preferential-treatment-of-stamp-duty\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"500\" src=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/residential-property.jpg\" class=\"attachment-large size-large wp-image-7084\" alt=\"\" srcset=\"https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/residential-property.jpg 750w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/residential-property-300x200.jpg 300w, https:\/\/galileeinvestment.com\/wp-content\/uploads\/2026\/04\/residential-property-18x12.jpg 18w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-a8d3975\" data-id=\"a8d3975\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc4d70f elementor-widget elementor-widget-heading\" data-id=\"bc4d70f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\"><a href=\"https:\/\/www.khmertimeskh.com\/501831263\/cambodia-extends-exemption-and-preferential-treatment-of-stamp-duty\/\" target=\"_blank\">Cambodia extends exemption and preferential treatment of stamp duty<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0f50de elementor-widget elementor-widget-text-editor\" data-id=\"e0f50de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Royal Government has decided to extend the exemption and preferential treatment of stamp duty on the transfer of ownership or the right to occupy real estate valued at less than, equal to, or exceeding USD 70,000 and USD210,000 until December 31, 2026. <a class=\"\" href=\"https:\/\/www.khmertimeskh.com\/501831263\/cambodia-extends-exemption-and-preferential-treatment-of-stamp-duty\/\" target=\"_blank\" rel=\"noopener\" data-start=\"329\" data-end=\"510\">Full article here (Khmer Times)<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-feb9078 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"feb9078\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ee9f1d4\" data-id=\"ee9f1d4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea92343 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ea92343\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4075543 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4075543\" data-element_type=\"section\" data-e-type=\"section\" id=\"CPF\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d230be0\" data-id=\"d230be0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4943a5b elementor-widget elementor-widget-heading\" data-id=\"4943a5b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/compounderfund.com\/\" target=\"_blank\">Compounder Fund<\/a><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1752c8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1752c8c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d47fc2d\" data-id=\"d47fc2d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d8d653 elementor-widget elementor-widget-text-editor\" data-id=\"4d8d653\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><u>Fund Description:<\/u>&nbsp;<\/strong><b style=\"font-style: inherit;\">Compounder Fund is an open-ended fund that focuses on long-term investing in public equities around the world. The investment strategy is to find Compounders \u2013 public-listed companies that are able to grow their businesses at high-rates over the long run \u2013 through holistic fundamental analysis and holding onto their shares for years. The Fund aims to generate a 12% annualised return, net of all fees, over the long-term.<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-275aaf8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"275aaf8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a78a9c6\" data-id=\"a78a9c6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd9fff3 elementor-widget elementor-widget-heading\" data-id=\"cd9fff3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Fund Updates<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40cf978 elementor-widget elementor-widget-text-editor\" data-id=\"40cf978\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Compounder Fund\u2019s latest 2026 first-quarter letter was published on 13 April 2026 and you can find it <a href=\"https:\/\/docs.google.com\/document\/d\/1AVJlJig-y5m6az-tub7MzCcEvc1MCWLiPNp6f3at6r4\/edit?tab=t.0#heading=h.2dhuxm6whl79\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7472d8d elementor-widget elementor-widget-text-editor\" data-id=\"7472d8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you wish to find out more, please contact <a href=\"mailto:jeremy.chia@galileeinvestment.com\" target=\"_blank\" rel=\"noopener\">jeremy.chia@galileeinvestment.com.<\/a><\/p><p>Visit our website to get the latest updates on the Fund&#8217;s Performance and Investment Theses:\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb5aef9 elementor-widget elementor-widget-button\" data-id=\"cb5aef9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/compounderfund.com\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Compounder fund website<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7838f10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7838f10\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b964b44\" data-id=\"b964b44\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0695a4 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e0695a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5cd76c8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5cd76c8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5694818\" data-id=\"5694818\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ff0a09e elementor-widget elementor-widget-heading\" data-id=\"ff0a09e\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"VCF\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Vision Capital Fund<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b39490 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b39490\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-723af11\" data-id=\"723af11\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d381a2 elementor-widget elementor-widget-text-editor\" data-id=\"2d381a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><span style=\"text-decoration: underline;\">Fund Description:<\/span> Vision Capital Fund is an open-ended fund that focuses on long-only global equities. This fund aims to deliver superior, sustainable, compelling long-term (over five years and more) returns for investors by investing in the stock market, specifically in quality, durable, and innovative compounders, riding secular tailwinds that can grow profitably and durably well for a long time at high rates of returns.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ac5fa6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac5fa6a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-007c386\" data-id=\"007c386\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c7793a elementor-widget elementor-widget-heading\" data-id=\"7c7793a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Fund Updates<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e256553 elementor-widget elementor-widget-text-editor\" data-id=\"e256553\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div>The persistent selloff in holdings of Vision Capital Fund and in technology and SaaS stocks continued from 4Q25 into 1Q26. This 23% drawdown turned our cumulative outperformance into underperformance.<\/div><div>\u00a0<\/div><div>Our cumulative gross and net returns from inception (1 Oct 2024) were +5.6% and +0.4%, respectively, versus +15.5% for the S&amp;P 500.\u00a0<\/div><div>\u00a0<\/div><div>For 1Q26, the top 5 largest contributors were TSMC, Cloudflare, Netflix, JD.com, and Wise. Conversely, the top 5 largest detractors were Palantir, Shopify, Pro Medicus, Adyen, and ServiceNow. During the quarter, we took advantage of attractive prices to add to 10 of our existing 27 positions: Adyen, CrowdStrike, Netflix, Nu, Palantir, Pro Medicus, Sea, ServiceNow, Shopify, and Zscaler. Several of which were among our largest decliners. We exited our entire ~1.1% position in PayPal\u00a0<\/div><div>\u00a0<\/div><div>You can find our latest Q1 2026 quarterly letter\u00a0<a href=\"https:\/\/visioncapitalfund.co\/fund-letter-and-documents\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/visioncapitalfund.co\/fund-letter-and-documents&amp;source=gmail&amp;ust=1776152190078000&amp;usg=AOvVaw2ZpR-dUEDP8UJDJENldz8t\">here<\/a>. \u00a0We discussed AI and software disruption, price volatility, kite flying, dichotomy of control, embracing struggles\u00a0and suffering, performance is not our identity, and soul in the game.<\/div><div>\u00a0<\/div><div>We wrote a\u00a0new investment memo on Tesla and why we passed on gold during the quarter. You may find all 23 of our memos in\u00a0<a href=\"https:\/\/visioncapitalfund.co\/partner-materials-1\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/visioncapitalfund.co\/partner-materials-1&amp;source=gmail&amp;ust=1776152190078000&amp;usg=AOvVaw0imItgrcERsZN58NZR0Ld8\">Partner Materials<\/a>, accessible with your login credentials.<\/div><div>\u00a0<\/div><div>Overall, we are more optimistic and enthusiastic about the long-term returns of stocks and of our holdings in the Vision Capital Fund than we were previously. The long-term business returns of the underlying businesses (i.e., growth of revenues, profits, and free cash flows), in which we are part owners, remain largely intact and are expected to continue to drive most of our long-term returns rather than changes in valuation multiples. Our holdings are faster-growing and more profitable, with 27.6% trailing 12-month (TTM) revenue growth and 27.1% TTM FCF margins on a weighted-average basis.\u00a0<\/div><div>\u00a0<\/div><div>We continue to have confidence and enthusiasm in our holdings and, at lower prices, see multiple attractive long-term buying opportunities, should you like to add.<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51c8759 elementor-widget elementor-widget-text-editor\" data-id=\"51c8759\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you wish to find out more about investing with Vision Capital Fund, don&#8217;t hesitate to get in touch with\u00a0<a href=\"\/zh\/eugene.ng@visioncapitalfund.co\/\">eugene.ng@visioncapitalfund.co<\/a>.<\/p><p>Similarly, you can visit our\u00a0<a href=\"https:\/\/visioncapitalfund.co\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/visioncapitalfund.co\/&amp;source=gmail&amp;ust=1776152190078000&amp;usg=AOvVaw2p16ZKr3eQ4TzDU5FeraHt\">website<\/a>\u00a0to find out more.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3452d50 elementor-widget elementor-widget-button\" data-id=\"3452d50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/visioncapitalfund.co\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Vision Capital fund website<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9f4b0e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9f4b0e9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-86a06fc\" data-id=\"86a06fc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddbaab8 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ddbaab8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f2ead6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f2ead6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8afbb3\" data-id=\"f8afbb3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0e27391 elementor-widget elementor-widget-heading\" data-id=\"0e27391\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"SMA\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Separately Managed Account (SMA)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5cef60a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5cef60a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-43e5d21\" data-id=\"43e5d21\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-95d2631 elementor-widget elementor-widget-text-editor\" data-id=\"95d2631\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Strategy Description: Frederick Tye is the Portfolio Manager for our Global SMA mandate, a concentrated, value-focused strategy. We employ a &#8220;barbell&#8221; approach, pairing high-quality franchises with opportunistic deep-value plays. We balance this with strategic exposure to short-term US Treasuries, preserving capital during expensive markets to deploy aggressively when attractive opportunities emerge.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b87df0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b87df0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fbb5b09\" data-id=\"fbb5b09\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f4ef59 elementor-widget elementor-widget-heading\" data-id=\"1f4ef59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Investment Updates<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81a0cec elementor-widget elementor-widget-text-editor\" data-id=\"81a0cec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Reporting Frequency Update:<\/strong><\/p><p>Going forward, the Portfolio Manager will provide updates on a semi-annual basis. The next portfolio update will be shared in July 2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8a9e68 elementor-widget elementor-widget-text-editor\" data-id=\"d8a9e68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you wish to find out more, please contact fred@mscap.sg<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e74af3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e74af3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8a03b5a\" data-id=\"8a03b5a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3de14b8 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3de14b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d87c77 elementor-widget elementor-widget-heading\" data-id=\"2d87c77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Contact us<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58f6f7d elementor-widget elementor-widget-text-editor\" data-id=\"58f6f7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit;\">Kindly email us at <\/span><a style=\"font-style: inherit; font-weight: inherit; background-color: #ffffff;\" href=\"mailto:investor_relations@galileeinvestment.com\" target=\"_blank\" rel=\"noopener\">investor_relations@galileeinvestment.com<\/a><span style=\"font-style: inherit; font-weight: inherit;\">&nbsp;or contact your usual Galilee contact if you have any questions, feedback or changes to your personal details. (Bank account, handphone, email address, residential address etc.)&nbsp;<\/span><span style=\"font-size: 1rem;\">Kindly also inform us if you cease to be an Accredited Investor under the SFA at any time.&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95352a0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"95352a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3eab0b elementor-widget elementor-widget-button\" data-id=\"d3eab0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"http:\/\/investor_relations@galileeinvestment.com\/zh\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Email us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d495ce5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d495ce5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15db0bb\" data-id=\"15db0bb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4d75dcd elementor-widget elementor-widget-heading\" data-id=\"4d75dcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Disclaimer<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b69ddd elementor-widget elementor-widget-text-editor\" data-id=\"2b69ddd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This confidential Newsletter (\u201cNewsletter\u201d) has been prepared by Galilee Investment Management Pte Ltd (\u201cGalilee\u201d) for distribution to selected recipients only. This Newsletter is for information purposes and shall not be construed as investment advice or for marketing purposes. While reasonable care has been taken to prepare this document, the information contained herein may not be relied upon for accuracy or completeness; and any opinion or estimate contained in this document is subject to change without notice. This Newsletter must not be published, circulated, reproduced or distributed, in whole or part, to any other person without the prior consent from Galilee. Galilee makes no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this newsletter (article), will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio given changing market conditions. Please consult a professional investment consultant prior to making any investment decision.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-330a735 e-flex e-con-boxed e-con e-parent\" data-id=\"330a735\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78576f9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"78576f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Q2 Investors&#8217; Newsletter April 2026 Galilee Investment Management Message from Chief Executive Officer \u00a0 Mr. Joseph Ong,\u00a0 CEO Dear Investors, As we pass the first quarter of the year, I would like to express my heartfelt appreciation for the continued support and partnership of all our stakeholders. The start of 2026 has been shaped by [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-7079","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/pages\/7079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/comments?post=7079"}],"version-history":[{"count":34,"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/pages\/7079\/revisions"}],"predecessor-version":[{"id":7120,"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/pages\/7079\/revisions\/7120"}],"wp:attachment":[{"href":"https:\/\/galileeinvestment.com\/zh\/wp-json\/wp\/v2\/media?parent=7079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}