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20-07-2013, 10:46 PM
(This post was last modified: 20-07-2013, 11:01 PM by Temperament.)
(20-07-2013, 09:47 PM)KopiKat Wrote: What an irony it would be if MAS, for whatever reasons, decide to charge someone, who, in the extreme case, is actually making money (plus not charging a single cent) for their close blood relative eg. old parents, who're illiterate (not just financially) while helping them to invest and on the other hand, decide to stay toothless while many loses hundreds of millions to scams in alternative investments...
Well... Well... Well!
i always say and believe politics and money can not be separated for long. And when money is involved, it's more than politics. So be careful don't accuse someone playing politics when money is involved. It concerns my rice bowl if you want me to put it that way.
Aiya!
If you want to manage stock investment for some relative why makes it so complicated. i have said anyone can open a internet cdp/brokerage account but who operates it is not for who to question or to know. In this way, your relative will always have the jurisdiction over the account and money. And i don't think it's so easy for your relative to turn around and accuse you of something when the portfolio is not doing well especially during a "BLACK SWAN" period. Anyway i think it's really a "thankless" endeavour.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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20-07-2013, 11:09 PM
(This post was last modified: 20-07-2013, 11:12 PM by pianist.)
Which brokerages don't issue monthly statement but on quarterly basis? Used to keep my broker statements but now is a permanent 'insider' in the office, so originals copies got to submit to the control room. :|
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Since like nobody knows one in Singapore? I am doing my research paper and I found really little value funds. People not so value value funds these days huh?
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MAS has a list of registered fund management companies. You can do a google search for each and see of they mention their investment philosophy under their website?
"Criticism is the fertilizer of learning." - Sir John Templeton
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Thank you so much!
(20-07-2013, 11:44 PM)dzwm87 Wrote: MAS has a list of registered fund management companies. You can do a google search for each and see of they mention their investment philosophy under their website?
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(20-07-2013, 11:31 PM)Little Investor Wrote: Since like nobody knows one in Singapore? I am doing my research paper and I found really little value funds. People not so value value funds these days huh?
You need to brush up your googling skills.
one example. http://www.aggregate.com.sg/
and since it is YOUR research paper... don't you think you should put in effort and call the companies in the MAS list?
https://secure.mas.gov.sg/FID/
Look under Registered Fund Management Companies
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Haha It is true! Thanks
(20-07-2013, 11:47 PM)yeokiwi Wrote: (20-07-2013, 11:31 PM)Little Investor Wrote: Since like nobody knows one in Singapore? I am doing my research paper and I found really little value funds. People not so value value funds these days huh?
You need to brush up your googling skills.
one example. http://www.aggregate.com.sg/
and since it is YOUR research paper... don't you think you should put in effort and call the companies in the MAS list?
https://secure.mas.gov.sg/FID/
Look under Registered Fund Management Companies
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(20-07-2013, 11:31 PM)Little Investor Wrote: Since like nobody knows one in Singapore? I am doing my research paper and I found really little value funds. People not so value value funds these days huh?
Could you elaborate on the above? You called all the funds and they told you they're not Value focussed? Very surprising findings!
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(20-07-2013, 11:31 PM)Little Investor Wrote: Since like nobody knows one in Singapore? I am doing my research paper and I found really little value funds. People not so value value funds these days huh?
Just in today's BT, there is an interview of one which purports to be value-based:
Quote:Published July 20, 2013
Enjoying benefits of own value-investing business
Veteran fund manager Daniel Chan aims to grow $400m-$500m AUM in 3-5 years
By Genevieve Cua
Personal Finance Editor (gen@sph.com.sg)
AFTER more than three decades running large homegrown asset management operations, veteran fund manager Daniel Chan is doing what he loves best: looking at stocks with an eye for value.
He has set up a fund management firm, DCG Capital. With a small core investment team, the firm's initial assets under management (AUM) of $10 million have grown since its inception in September 2011, thanks partly to strong outperformance.
Today, the DCG Asia Value Fund, which invests in Asia ex-Japan equities using a bottom-up approach, has expanded to roughly $35 million. The firm's total AUM, including separately managed accounts, stand at about $80 million.
He hopes to grow AUM to $400 million to $500 million in three to five years. But the firm, he says, won't be a "big machinery".
their url: http://dcginvest.com/
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(19-07-2013, 03:04 PM)d.o.g. Wrote: 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.
Thank you d.o.g. for your advise. As always, they are much appreciated.
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