Value funds based in Singapore?

[NTL]

Actually most of us here are our own hedge fund manager. We are not mandated by any fund objective, and are able to invest in multiple instruments to achieve absolute return of our funds. We can take on debts, short, long or even hold cash. Our investors are ourselves, our spouses and our children.

[KopiKat]

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.

Thanks! I now have a very good legal reason for declining such requests, especially more so during bullish times...

[cif5000]

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.

Someone once told me that your CDP record is the track record. So, take pride and care for every single trade you made.

I also had this idea of setting up a fund but I killed it.
- marketing - capital won't flow in automatically, you will need to look for it.
- legal and compliance issues, e.g. you can't take money unless the investor is accredited (but there are more these days).
- responsibility - your clients' loss (realized or unrealized) is equally, if not more, painful to you.
- ethics - you will feel guilty to laze around.

Until the CDP track record can stand on its own, and above the other "helps" available, it's better to just help yourself.

Just my own experience...

[yeokiwi]

Someone once told me that your CDP record is the track record. So, take pride and care for every single trade you made.

Until the CDP track record can stand on its own, and above the other "helps" available, it's better to just help yourself.

Just my own experience...

Oh Sh**.. I did not keep all the CDP records.
Does everyone here keep all your CDP records?

[KopiKat]

Someone once told me that your CDP record is the track record. So, take pride and care for every single trade you made.

Until the CDP track record can stand on its own, and above the other "helps" available, it's better to just help yourself.

Just my own experience...

Oh Sh**.. I did not keep all the CDP records.
Does everyone here keep all your CDP records?

I do... together with the Quarterly statements from the brokerages. All others, I throw away as there are too many...

But, the CDP statements won't give any indication of your track record, unless you are talking about a closed ended fund ie. no new cash injection and further, it has to be seen together with the cash balance...

For an open ended fund (likely what most here has), it gives at best, a good indication of your saving + investing growth / decline (?). No indication of your buy / sell price, only month end ones.. In my case, good for a quick way to tabulate my month end stock assets...

[d.o.g.]

Oh Sh**.. I did not keep all the CDP records.
Does everyone here keep all your CDP records?

I do. But then I am the type of person who retains account statements of all types. I also keep every trade confirmation ticket because they show the date, price and quantity. As it happened, when I turned pro it was important to be able to look back and see how I did, and fortunately I had the CDP statements and trade confirmations as evidence.

For most people, it is not vital to track portfolio changes to the last %. For non-professionals, good record-keeping is mainly for bragging rights. CDP plus bank statements is usually a sufficient indicator of liquid assets. For professionals, record-keeping is a necessity since your returns are your only real product.

[Temperament]

i have been keeping all my stock tradings, dividend payments, capital return, etc... by default since day one. Because since day one i use Microsoft Money Stock Portfolio Tracking out of necessity (My low education force me to depend on other's genius. i am not a shame to say this.) In fact i use it to track all my Assets & Liabilities too since day one.
Shalom.

[KopiKat]

For non-professionals, good record-keeping is mainly for bragging rights. CDP plus bank statements is usually a sufficient indicator of liquid assets.

I don't quite agree with that...

IMO, good record keeping is necessary even for non-professionals. I record every single transactions & dividend payout, both the dates & exact dollar value. I renew my spreadsheet every year to remove clutter.

For me, it helps to know not just my portfolio but also the individual stocks performance (P/L & Yield) and to make buy/sell/hold decisions.

[CityFarmer]

For non-professionals, good record-keeping is mainly for bragging rights. CDP plus bank statements is usually a sufficient indicator of liquid assets.

I don't quite agree with that...

IMO, good record keeping is necessary even for non-professionals. I record every single transactions & dividend payout, both the dates & exact dollar value. I renew my spreadsheet every year to remove clutter.

For me, it helps to know not just my portfolio but also the individual stocks performance (P/L & Yield) and to make buy/sell/hold decisions.

I have the same view as KopiKat.

I kept all transaction records in digital format in excel with all necessary transaction IDs. It helped for post-modem reviews on strategy and decisions.

As for the managing fund, instead of as fund manager which has high entry qualification and compliance requirement, an alternative is PE company, an investment holding private limited IMO.

[Temperament]

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.

Thanks! I now have a very good legal reason for declining such requests, especially more so during bullish times...

HUH! HUH?
Nowadays, with internet trading available, anyone can open a cdp/stock trading account with any brokerage; but who operates the account is for who to say? Is for who to know? If anyone of my family or relatives ask me to operate his account, i will of course set certain investment conditions. No 1 condition is money invested he can forget about it for at least 5 years. No questions of my investments wins or losses.
Ha! Ha!
Such tough conditions therefore no takers. Seriously i think it's not a good idea to operate an account for a relative. Maybe i will share with him when and why i purchase some stocks. And that is if he is interested to ask. i think that's all to it.