Value funds based in Singapore?

Hi ALL!

I am new here. I am interested to find out more about hedge funds. Do you know any funds other than Lumiere Capital that implement similar investing philosophy as most of the people here @valuebuddies?

Thanks in advance

(19-07-2013, 12:05 AM)Little Investor Wrote: Hi ALL!

I am new here. I am interested to find out more about hedge funds. Do you know any funds other than Lumiere Capital that implement similar investing philosophy as most of the people here @valuebuddies?

Thanks in advance

well you can contact d.o.g. He runs a hedge fund but you must be an accredited investor.

U looking for a career or looking to invest in a hedge fund?

(19-07-2013, 11:07 AM)opmi Wrote: U looking for a career or looking to invest in a hedge fund?

Is it possible if you could let me know of any value funds in Singapore?

I have always been interested in investing and if I could, I would set up my own fund. Unfortunately, I do not have the paper qualifications nor the capital to do so. Hence, the only alternative for me is to look for a fund to join.

Please let me know if you know of any value funds. Thank you.

Start small and buy your own stock while saving up capital?

personally, i am a accredited investor managing a wide variety of investments. I do not see the usefulness of participating my investments in others funds or others having a hand in mine.

I make my own decisions and do not have to seek anyone's approval nor report to anyone.


(just my opinion)

(19-07-2013, 01:15 PM)Wildreamz Wrote: Start small and buy your own stock while saving up capital?

Yes. That is one way of getting things done but it will take a really long time. If I remember correctly, MAS regulation states that a fund needs to be >$1 million.

While I do enjoy investing, and I do invest my own money, I want to set up a fund to help others invest their money. Before I can do that, i will need to set up some sort of track record.

(19-07-2013, 01:49 PM)natnavi Wrote: While I do enjoy investing, and I do invest my own money, I want to set up a fund to help others invest their money. Before I can do that, i will need to set up some sort of track record.

It's a chicken and egg problem too. Like starting your own fund, any fund will also need to see your track record if you want to join them.

That's what I understand from your posting unless you are just intending to invest in the fund.

The best way is probably to get in contact and build a relationship with some of the local FMs.

(19-07-2013, 01:49 PM)natnavi Wrote:

(19-07-2013, 01:15 PM)Wildreamz Wrote: Start small and buy your own stock while saving up capital?

Yes. That is one way of getting things done but it will take a really long time. If I remember correctly, MAS regulation states that a fund needs to be >$1 million.

While I do enjoy investing, and I do invest my own money, I want to set up a fund to help others invest their money. Before I can do that, i will need to set up some sort of track record.

If you really want to help others + you are trustworthy + have gone thro' a couple of bust cycles and still have a positive enough XIRR, how about helping your immediate family members? Just an informal fund based on trust.. not sure if it's illegal...

I did something similar for my immediate family members, not because I wanted to...
No monetary gains for me as I was doing it for free. After a couple of bear cycles, I did liquidate one fund last year as I didn't enjoy the additional stress during the bear cycles from interested parties. Fortunately, still managed to claw back the losses of '08 and ended up with a positive enough XIRR.

As for friends, I decided I don't want to complicate my life relationships too much... I did tell a friend that even if he were to trust me with his monies and he were to pay me 1%, every $100k means only $1k/year. I don't think it's worth the hassle unless we are talking about millions...

KopiKat Wrote:If you really want to help others + you are trustworthy + have gone thro' a couple of bust cycles and still have a positive enough XIRR, how about helping your immediate family members? Just an informal fund based on trust.. not sure if it's illegal...

The Securities and Futures Act no longer makes no exceptions for family members. That means you cannot manage money for your family, at least not professionally i.e. no fees allowed. Previously you could manage money as an individual for your immediate family (spouse, parents, children, siblings) but not any more.

However, even ASSUMING it is legal to manage money for your family and not collect fees, I would counsel that blood is thicker than water and when (not if) you lose money (however temporarily) it will affect your family relationships.

natnavi Wrote:While I do enjoy investing, and I do invest my own money, I want to set up a fund to help others invest their money. Before I can do that, i will need to set up some sort of track record.

MAS has laid out the regulations quite clearly. For starters there is no minimum fund size requirement. If you are serious about starting a fund you should go through the regulations and see what steps you need to take. It is a business, not a hobby, and should be treated accordingly.

As a fund manager myself, I cannot say I enjoy dealing with compliance and audit requirements. In fact I just had the auditors in the office this morning. But it is a cost of doing business - if you don't want to deal with it, then go out of business. Simple as that.