Donald Klip

Donald Klip has spent more than three decades at the intersection of institutional finance and global macro markets — as a fund manager, a senior banker, and now as a private investor deploying his own capital.

He began his career in emerging markets equity research in the 1990s, covering Indonesia, Thailand, and the Philippines during one of the most volatile decades in Asian financial history. That experience — watching capital flows overwhelm fundamentals, currencies collapse overnight, and consensus views prove catastrophically wrong — formed the foundation of a macro-first investment philosophy that has never left him.

In 1999, he founded one of Asia's earliest long/short equity hedge funds in Hong Kong, growing it to USD 200M in assets under management. Running money through the dot-com collapse, 9/11, and the early 2000s commodity supercycle sharpened a discipline around position sizing, drawdown management, and the value of sitting outside consensus.

He subsequently spent more than fifteen years in senior institutional roles at Macquarie, BNP Paribas, Citigroup, and China Construction Bank International — leading hedge fund coverage across Asia and building relationships with some of the world's most consequential macro investors. Spending that time advising and observing managers at the highest level — people who move markets, not follow them — reinforced a conviction-led, thesis-driven approach to capital that is difficult to learn any other way.

In 2019, he co-founded Global Mortgage Group, now Asia's leading cross-border real estate finance firms operating across 23 jurisdictions. DK Investment Holdings Limited is his private investment vehicle, allocating long-term capital across the themes he has followed longest: real assets, global capital flows, digital infrastructure, and the structural repricing of risk in a post-dollar-dominance world.

He is based in Singapore.