•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Benedicte Gravrand, Geneva: Asean Investment Management (AIM) was established in 2005 and is based in Singapore. David Roes is the CEO and his background is in corporate finance, restructuring, infrastructure projects and investment banking. His partner David O’Neil is the CIO and his background is in equity research and fund management. Each has lived in Asia for 10 years or more. The company has 4 staff.

Asean Small Cap Fund The fund aims to deliver consistent returns through the identification of target companies with strong balance sheets, focus on companies with inherent value characteristics in the small-micro value cap sector and the application of value transformation strategies of those companies.

The fund can leverage up to 3 times. Volatility has been around 13% although recent performance has driven it slightly higher to 16%. The AUM is at around US$10 million and the fund will soft-close at around $70-100 million and hard-close at $200 million. It has reached its target of 20 to 40% net p.a. as the fund returned 11.3% in June and an additional 9.0% through the beginning of July, yielding +99.9% since inception in August 2005 (annualised returns of 41.41%). There are 3 institutional investors (from Japan, Australia and U.K.). The seeding came from the managers and friends.

David Roes talked to Opalesque about Asean’s philosophy and methodologies.

......................

To view our full article Click here