Once fund managers clock up a decade or more of experience at large investment houses, most have been rewarded (or had their fingers burned) enough times to develop strong opinions about what investment strategies do and don’t work.
However, not all of them have the courage of their convictions to set up on their own, outside the security blanket of a big firm and put their theories to the test. But Wong Kok Hoi did just that, and he’s still at the helm of the boutique firm, APS Asset Management, that he founded 17 years ago.
Wong started his career with the Government of Singapore Investment Corporation and Citicorp Japan, where he was chief investment officer. “In 1995 I decided to set up my own firm because I wanted to manage money in the way I think it should be done: bottom-up,” he says.