Hidden Champions Fund is regulated by MAS as a RFMC.
I don't believe that MAS will allow the fund to put Koon Boon as the CIO on the website after he has left. He is the key man responsible for the investment decision of the fund and not just any analyst.
A quick check shows that Koon Boon is STILL the CEO of Hidden Champions. This is getting more perplexed...
https://eservices.mas.gov.sg/fid/institu...MANAGEMENT
(29-05-2018, 09:08 AM)shadow_walker Wrote: [ -> ]Hidden Champions Fund is regulated by MAS as a RFMC.
I don't believe that MAS will allow the fund to put Koon Boon as the CIO on the website after he has left. He is the key man responsible for the investment decision of the fund and not just any analyst.
A quick check shows that Koon Boon is STILL the CEO of Hidden Champions. This is getting more perplexed...
https://eservices.mas.gov.sg/fid/institu...MANAGEMENT
Why do u think that KB is no longer with Hidden Champion funds?
(29-05-2018, 09:08 AM)shadow_walker Wrote: [ -> ]Hidden Champions Fund is regulated by MAS as a RFMC.
I don't believe that MAS will allow the fund to put Koon Boon as the CIO on the website after he has left. He is the key man responsible for the investment decision of the fund and not just any analyst.
A quick check shows that Koon Boon is STILL the CEO of Hidden Champions. This is getting more perplexed...
https://eservices.mas.gov.sg/fid/institu...MANAGEMENT
I understand from a friend that KB is currently serving his notice. He will depart within a month. So it is not wrong that he is still the CEO. Clive will take over after him I understand.
(29-05-2018, 07:22 PM)enigmack Wrote: [ -> ] (29-05-2018, 09:08 AM)shadow_walker Wrote: [ -> ]Hidden Champions Fund is regulated by MAS as a RFMC.
I don't believe that MAS will allow the fund to put Koon Boon as the CIO on the website after he has left. He is the key man responsible for the investment decision of the fund and not just any analyst.
A quick check shows that Koon Boon is STILL the CEO of Hidden Champions. This is getting more perplexed...
https://eservices.mas.gov.sg/fid/institu...MANAGEMENT
I understand from a friend that KB is currently serving his notice. He will depart within a month. So it is not wrong that he is still the CEO. Clive will take over after him I understand.
Yes, you are correct.
In the 8IH preliminary final report dated 31/05/2018... Quoting from Clive:
Going forward together with our investment managers in HCF team, I will be taking over from koon boon for the management of the HCF portfolio and the asset management business. He is moving on to pursue other interests.
Why the concern over where he goes?
Moving from one unsuccessful fund to yet another untested fund.
Despite his 'many years of experience,' it still seems he isn't sure of what he is doing.
Don't be holding your breath.
(31-05-2018, 07:17 PM)karlmarx Wrote: [ -> ]Why the concern over where he goes?
I think the gist of this discussion is that Koon Boon Kee left the fund and not so much about his next position. Indeed, there are no reasons to be overly impressed by Kee's performance. But at least he has the professional qualifications and experience to manage the fund. The investment ideas coming out of 8I before Kee's arrival were mostly local ideas (Vicom, Breadtalk, Boustead) with no extensive reasoning behind them. Koon Boon seemed to have a large set of candidate stocks (from Japan, Korea, Australia, China/Taiwan) on his radar. From his comprehensive presentations it was always clear on what merits he made his picks.
Clive Tan has a background in education and must be quite busy already as the managing director of the 8i Holdings group. Yesterday, he sent an update describing the new "multi-counsellor" system for managing the fund, but the text was too brief to instill much confidence; he referred his readers to a book called Capital: The Story of Long-Term Investment Excellence by Charles D. Ellis.
(27-08-2017, 12:22 PM)bardsmanship Wrote: [ -> ]I saved the 3 posts, including comments, from the cached links as images, here they are (in order):
https://imgur.com/a/6LET7
https://imgur.com/a/vEWk2
https://imgur.com/a/CVX71
Also curious about the question of legality, particularly the selling of pre-IPO shares of the companies at inflated prices to their students (if true, as alleged by some of the commenters).
Though I’ve not commented on this thread but I’ve been following the thread and thought this post and comments from VBs should be obvious.
The one annual report that I’ve read sounds like a showman-prosperity-gospel type of literature. There are hard to detect land mines like Indonesian; and there are pretty obvious ones
(03-06-2018, 08:57 PM)specuvestor Wrote: [ -> ] (27-08-2017, 12:22 PM)bardsmanship Wrote: [ -> ]I saved the 3 posts, including comments, from the cached links as images, here they are (in order):
https://imgur.com/a/6LET7
https://imgur.com/a/vEWk2
https://imgur.com/a/CVX71
Also curious about the question of legality, particularly the selling of pre-IPO shares of the companies at inflated prices to their students (if true, as alleged by some of the commenters).
Though I’ve not commented on this thread but I’ve been following the thread and thought this post and comments from VBs should be obvious.
The one annual report that I’ve read sounds like a showman-prosperity-gospel type of literature. There are hard to detect land mines like Indonesian; and there are pretty obvious ones
Referring to the 1st link:
https://imgur.com/a/6LET7
Actually.... why is this "financial engineering"?
It's not.
They managed to somehow get a pte entity listed at a ridiculous valuation, aka sold out to the dumb public at IPO.
Of course when it was private, the multiples were much lower, and at IPO it multiplied their investments many fold.
Financial engineering would be if one could prove that the bulk of the demand at IPO, was related parties from themselves.
That is, they basically set the prices of the entity themselves.
Otherwise, if it's just a typical IPO, if anything, I'd think they're somehow shrewd enough, and/or the investing public is dumb enough.
8i didnt sell to the public. It sold its stakes to companies related to the group or companies owned by students of its courses at a higher valuation
At the point where it was a dollar, people were “advised” to hold onto the shares, and that a billion dollar market cap is coming soon. The mentality then is they will miss out on the ride if they cash out. Sure enough a couple of them held out, even until today, sitting on losses too painful to realise. Were they dumb? I’d say gullible, and too trusting.