Lumiere Value Fund

If we read their investors letters, we will understand what caused the debut downfall.

It wasn't their research or methodology that failed but simply an unfortunate case of "catching the falling knives" in 2008..

Does show the importance of averaging down as well.

(14-08-2012, 08:58 AM)changwk Wrote: for those who are thinking of investing in the fund, you need to meet the min criteria before they will accept you as an individual investor.

unless you have personal asset of SGD2mil or you earn at least SGD300k, you can forget about it.

I quote from the FAQ
"(a) an individual:

(i) whose net personal assets exceed in value S$2 million (or its equivalent in foreign currency) or such other amount as MAS may prescribe in place of the first amount; or

(ii) whose income in the preceding 12 months is not less than S$300,000 (or its equivalent in foreign currency) or such other amount as the Authority may prescribe in place of the first amount;"

Guess my whole life as an employee will never earn >$300K annually.

if i fit into this category, i will go for the funds managed by D.O.G.

(13-08-2012, 11:25 PM)pianist Wrote: did i see wrongly or it said their AUM is 31mio?

They started with families and friends. You got to subtract that and see how much they earn then...

My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

(14-08-2012, 02:54 PM)Contrarian Wrote: My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

You're making many here turn green with envy as many here don't qualify...

PS. Envy not cos' you qualify but cos' client of d.o.g....

(14-08-2012, 02:54 PM)Contrarian Wrote: My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

Can I be a cheapo and infer through your individual posts?

(14-08-2012, 02:54 PM)Contrarian Wrote: My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

Wow cool! Good to know. One day I hope I can also attain the accredited investor status so that I can place my funds with d.o.g.! Haha!

I want to place my piggy bank with musicwhiz

(14-08-2012, 04:09 PM)Musicwhiz Wrote:

(14-08-2012, 02:54 PM)Contrarian Wrote: My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

Wow cool! Good to know. One day I hope I can also attain the accredited investor status so that I can place my funds with d.o.g.! Haha!

I have an idea! Wonder if d.o.g. is interested?

How about pulling resources together, say per lot share of $100K x 10 pax = $1 mil.

Timing in the market is of essence.

Can make it happen?

Also, sometimes I think to myself: One fine day, VB will produce someone like OHL or Peter Lim! Just wait and see, ahahaha!

(14-08-2012, 03:12 PM)KopiKat Wrote:

(14-08-2012, 02:54 PM)Contrarian Wrote: My fund with D.O.G. is a lot less in upfront fees. It is driven by return, which is more aligned to fund investors. What's more, he shares his own holding statement quarterly. Not many fund managers will put his $ where his mouth is...

You're making many here turn green with envy as many here don't qualify...

PS. Envy not cos' you qualify but cos' client of d.o.g....

If u have worked 20 years, stay disciplined on living same lifestyle, u will do better than me for sure. No need to be envious.

I still do my own investing though ... Last 18 mths has been very good in a sideways market...

(14-08-2012, 06:26 PM)Contrarian Wrote: If u have worked 20 years, stay disciplined on living same lifestyle, u will do better than me for sure. No need to be envious.
I still do my own investing though ... Last 18 mths has been very good in a sideways market...

r u already stopping working at the day job already? u r my envy..whatis the secret to stay like for 20 years? i think is not easy considering the kind of dynamic stress workplace we are in the private sector