SINGAPORE – The Monetary Authority of Singapore (MAS) has approved veteran fund manager Dr Tan Chong Koay, 65, as chief executive officer and an executive director of Pheim Asset Management (Asia).

Last month, The Straits Times reported that he has applied for a fund management licence and was awaiting approval.

Mr Tan is one of Singapore’s pioneering boutique fund managers. He is the founder of Pheim Asset Management (Asia) in Singapore, and founder and chief executive of Pheim Asset Management (Malaysia).

A prohibition order against Dr Tan that barred him from carrying out fund management activity in Singapore and from involvement in running a fund management business here expired on Nov 29 last year.

When contacted, Dr Tan said: “I am thankful that MAS has given me a chance to build our business. I believe Pheim’s investment philosophy of not fully investing at all times will add value to the volatile equity investment industry in Asia and inspire others especially the young ones to overcome the challenges of investing.”

Funds under his management have consistently won accolades for outperforming the market even during downturns.

With a cumulative return of 497.3 per cent (in US dollar term) over a 20-year period ending Feb 3 this year, his Pheim Asean Fund took top position for all the one-to-20-year periods among all equity Asean funds in the Lipper Global classification.

Pheim Asset Management (Malaysia) manages about RM1 billion (S$329 million) in funds, while the Singapore unit has a fund size of between S$80 million and S$90 million.

For a full transcript of the interview, please refer to The Straits Times article published on 02 November 2015. It also can be found on http://www.straitstimes.com/business/companies-markets/tan-chong-koay-gets-mas-approval-as-fund-management-ceo.

Dear Investors & Business Partners,

Pheim Asset Management’s Update: On October 29, 2015, Monetary Authority of Singapore (MAS) has approved the appointment of Dr. Tan Chong Koay as the CEO and Executive Director of Pheim Asset Management (ASIA) Pte Ltd., Singapore.

Dear Investors and Business Partners,

We have the greatest pleasure to inform you that two of our Unit Trusts Funds , Dana Makmur Pheim and Pheim Emerging Companies Balanced Fund have both  won The EDGE-LIPPER Fund Awards 2015 for the Best Fund over the 3 -Year and 5 -Year period in their respective Categories.

Dana Makmur Pheim won the Best Fund for the 3- Year and 5- Year Period in the Malaysian Islamic Funds, Mixed Asset MYR Balanced Category.

Pheim Emerging Companies Balanced Fund won the Best Fund for the 3 -Year and 5- Year Period in the Best Mixed Asset MYR Balanced –Global Category.

Below is the table highlighting the performance data over the 3 –Year and 5-Year Period and it’s outperformance for Dana Makmur Pheim and Pheim Emerging Companies Balance Fund.

 

	Pheim Emerging Companies Balanced   Fund (%)	Benchmark (%)	Outperformance (%)
Best Mixed Asset MYR Balanced –   Global, 3 years	27.41	13.23	14.18
Best Mixed Asset MYR Balanced – Global, 5 years	38.53	31.51	7.02
	Dana Makmur Pheim (%)	Benchmark (%)	Outperformance (%)
Best Mixed Asset MYR Balanced –   Malaysia Islamic, 3 years	40.98	17.06	23.92
Best Mixed Asset MYR Balanced –   Malaysia Islamic , 5 years	58.84	34.54	24.30

Source: Lipper, Thomson  Reuters

 

Winning these awards further vindicates Pheim’s Investment Philosophy of practicing Value Investing and the discipline to be not fully invested at all times.

We are always committed to improving our performance and service and are even more focused and ready.

“YOUR NEED IS OUR FOCUS”

 

Dr Tan Chong Koay

Director

Pheim Unit Trusts Berhad

Saturday, February 7th, 2015

Pheim SICAV-SIF-ASEAN Emerging Fund (Pheim ASEAN Fund) was launched in February, 1995. The Fund is now one of the oldest offshore ASEAN equity funds. As at September, 2014, more than 50% of the investors are Europeans.

January, 2015, Pheim ASEAN Fund won the 2014 Best of the Best Awards for the 3- and 10-year periods ended September, 2014 for the second consecutive year for ASEAN Equity category. The Fund also won the 2010 and 2012 Best of the Best Awards for 3- and 5-year periods for the ASEAN Equity category.

In US Dollar terms, Pheim ASEAN Fund registered a 3-year cumulative return of 70.03% vs FTSE ASEAN Index 24.64%, outperforming the index by 45.39% for the 3-year period ended September, 2014.

For the 10-year period ended September, 2014, the Fund registered a cumulative return of 362.42% vs FTSE ASEAN Index 170.58%, outperforming the index by 191.84%. For the longer term performance record, Pheim ASEAN Fund outperformed the FTSE ASEAN Index for all the 1- to 19-year periods ended September, 2014 in terms of Total Returns in US Dollars. The Fund also outperformed all its peers in the Morningstar ASEAN Equity category for the same cumulative periods.

Dear Investor,

I just wanted to tell you that our Parent Company, Pheim Asset Management Sdn Bhd was 21 years old on 4th January 2015!

I want to thank you for the support and encouragement that you have given to all of us at Pheim, through the good and bad times.

We have endured and survived many tumultuous events-political, financial crises and global natural disasters and even in the worst of times we continue to grow from strength to strength.

We are always committed to improving our performance and service and in our 22nd Year we are even more focused and ready.

YOUR NEED IS OUR FOCUS

Sincerely,

Dr Tan Chong Koay

Director                                                                                                                                                                                                                                                                                                                                              Pheim Unit Trusts Bhd