Fund Manager Backs Off As Stocks Go on Rampage
Dr Tan Chong Koay, the veteran Malaysian fund manager is betting that it is time to take profits. "It's getting increasingly difficult to find undervalued stocks in Malaysia."
Tan Chong Koay sets the pace in Malaysia
Dr Tan Chong Koay mentioned in the article: "A fund should be fully invested near the bottom of the market and trimmed near the peak. But you should never be fully invested at all times".
Manager of top Malaysian fund MECGF shares his secrets of success
So what is Dr Tan Chong Koay doing right? For one thing, he doesn't always subscribe to the view that a fund must stay fully invested all the time.
Tan – one of Malaysia’s savviest fund managers
Dr Tan Chong Koay mentioned in the article: "Due to the volatile nature of our market, having the fund fully invested will not work well in this part of the world".
A keen nose for success
Dr Tan Chong Koay, a fund manager with John Govett (Asia) Pte Ltd in Singapore, is a contrarian who believes in buying on crashes and selling on extended rallies. In 1987, Dr Tan (then with Arab-Malaysian Merchant Bank) had sold 65 per cent of his stocks in