Woodside was set up in 1959 by Fergusson’s late grandfather. About 80 percent of its liquid assets are now denominated in dollars, compared with 50 percent at the start of last year.
Stamford, whose clients must have at least $2 million in net investable assets, started switching its assets into the U.S. currency from Singapore dollars in 2013.
Wang said he’s not worried about a pullback in the greenback’s rally.
“We’re happy to sit on our long-U.S. dollar position for the next three to five years,” he said. “We’re just enjoying the momentum.”