July 13, 2014 9:25 AM ET

Capital Markets

Company Overview of APS Asset Management Pte. Ltd.

Company Overview

APS Asset Management Pte. Ltd. is an employee owned investment manager. The firm provides its services to institutional investors, public and private pension funds, foundations, insurance companies, central banks, government agencies, pooled investment vehicles, and family offices. It launches and manages equity mutual funds and hedge funds for its clients. The firm invests in the public equity and alternative markets of Asia. It primarily invests in value stocks of companies. The firm employs a fundamental analysis with a bottom-up stock picking approach while making its investments. It conducts in-house research to make its investments. APS Asset Management Pte. Ltd. was founded in 1995 an...

3 Anson Road

Suite Number 23-01 Springleaf Tower

Singapore,  079909


Founded in 1995


65 6333 8600


65 6333 8900

Key Executives for APS Asset Management Pte. Ltd.

Founder and Chief Investment Officer
Age: 59
Chief Operating Officer
Age: 55
Managing Director
Managing Director
Compensation as of Fiscal Year 2014.

APS Asset Management Pte. Ltd. Key Developments

The Taiwan Fund, Inc. Announces Investment Adviser Selection Process and Further Information on Managed Distribution Program

The Taiwan Fund Inc. announced that the Fund's Board of Directors has established a process for identifying an investment manager to replace the Fund's existing investment advisory arrangements with Martin Currie Inc. and APS Asset Management PTE Ltd. ("APS"). As previously announced by the Fund, APS has notified Martin Currie of termination of the Sub-Advisory agreement between Martin Currie and APS. The Board has engaged a consultant to identify potential candidates to serve as the Fund's investment adviser, and the consultant has provided the Board with a recommended "short list" of candidates for further analysis from a longer list on which the consultant had conducted preliminary analysis. The consultant is expected to provide the Board with its analysis of the short list candidates (along with one or two other candidates that the Board requested the consultant analyze) in early December 2013. The Board will review that analysis and expects to identify two or three candidates that will be requested to provide the Board with additional information. The Board intends to make a determination on the selection of a replacement investment manager in the middle of January 2014. Thereafter, the Fund's stockholders will be asked to approve that selection at a Special Meeting of Stockholders in March 2014.

The Taiwan Fund, Inc. Announces Notice of Termination by its Sub-Adviser APS Asset Management Pte Ltd

The Taiwan Fund Inc. announced that it had been notified by its Investment Adviser, Martin Currie Inc. (Martin Currie), that on September 4, 2013 its Sub-Adviser, APS Asset Management Pte Ltd. (APS), had given Martin Currie notice of termination of the Sub-Advisory Agreement between Martin Currie and APS. APS also notified Martin Currie that, while by its terms the Sub-Advisory Agreement would terminate 90 days after such notice, APS was willing to continue to serve as the Fund's Sub-Adviser until February 22, 2014. The Fund's Board of Directors is considering alternatives for the Fund's investment advisory arrangements.

APS Asset Management Announces Executive Changes

Raymond Lim has been made chairman of fund manager APS Asset Management. He was appointed independent director and senior adviser at the asset management company in January last year. As chairman, Mr. Lim will provide strategic leadership and direction for the growth and success of the firm. Mr. Lim held various ministerial appointments including Second Minister of Finance, Second Minister of Foreign Affairs and Minister of Transport. Mr. Lim is also a director of GIC and senior adviser to the Swire Group. His new appointment takes effect January 1, 2013. Mr. Wong steps down as chairman on the same day to enable him to focus on his investment responsibilities as chief investment officer.

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