AAM research head leaves to head own firm

Aggregate Asset Management (AAM) executive director and head of research Teh Hooi Ling has left the firm, sold her 25 per cent stake and ceased to be a director. The former journalist plans to set up her own investment management firm, likely before the end of the year.

She said that she is still passionate about investing, adding: "I hope to bring to Singaporeans a product that is fair to them, one that can beat the market and will give them a good chance of achieving their retirement goals.

"Given how uncertain the world is now, financial security is something that everyone should be concerned about and take an interest in."

At The Business Times, Ms Teh wrote an investment column, Show Me The Money, for about 10 years. She joined AAM in 2013, and left last Tuesday.

FINANCIAL SECURITY

I hope to bring to Singaporeans a product that is fair to them, one that can beat the market and will give them a good chance of achieving their retirement goals. Given how uncertain the world is now, financial security is something that everyone should be concerned about and take an interest in.

MS TEH HOOI LING, on leaving AAM to head her own firm.

The firm's founder and executive director, Mr Eric Kong, said: "Hooi Ling has been a valuable member of the team. We recognise her contributions and would like to thank her for being with us on the first part of our journey."

AAM has assets under management of about $410 million. In 2015, it secured a capital markets services licence. It has a return target of 10 per cent a year, for clients who stay invested for five years. Though it charges no annual management fee, it does charge a performance fee.

From its inception to the end of last year, the Aggregate Value Fund, which invests in Asia equities, delivered a cumulative return of 49.9 per cent against the weighted index return of 20.7 per cent. This works out to a compounded annual growth of 10.65 per cent for the fund, compared with the index's 4.8 per cent.

Ms Teh is confident that her new fund will deliver similar, if not better, returns. 

Lorna Tan

A version of this article appeared in the print edition of The Sunday Times on March 05, 2017, with the headline 'AAM research head leaves to head own firm'. Print Edition | Subscribe