Who We Are • We are a multi-cap ‘value’ fund manager. • We invest in small, mid and large caps in Asia ex-Japan markets. • Established in April 1996, based in Singapore. • Founded by Mr Teng Ngiek Lian, a former Managing Director of Morgan Grenfell Investment Management Asia and Managing Director of UBS Asset Management, Singapore. Mr Teng has more than 49 years of industrial and investment experience in Asia. • A shareholder managed company Why We Are Different • Highly Focused, we are a one product fund manager. • We focused on ‘Asia’, ‘Value’ investment philosophy and ‘Bottom Up’ stock picking. • Highly Disciplined, a ‘Careful and Bold’ approach, Concentrated portfolio (< 20 stocks), High level of conviction • Private Equity Investment Style in Public Markets, Detailed business, operational and financial analysis, including physical and channel checks where necessary. • Searching for Deep Value In Mispriced Situations, Active search in out of favor sectors, temporary mishaps (fallen angels), re-structuring situations and undiscovered, emerging businesses. • A Unique Stock Picking Team