Advance Opportunities Fund I: Redeemable Cover

Investment Objective & Strategy

The Fund’s investment objective is to achieve medium to long term capital appreciation through investment in financial instruments that assist small and medium capitalization, publicly-listed companies – often overlooked by investors – in achieving the following:

  • to strengthen and improve their balance sheets;
  • to expand their business domestically and in the region;
  • restructuring and reorganization;
  • to regain their commercial and industry competitiveness;
  • to rationalize their corporate capital structures to create value to shareholders;
  • to support recently listed companies which may experience difficulty in raising funds from the secondary market post-listing.

To achieve the above, the Fund may provide funding solutions to companies that facilitate working capital requirements, business expansion, mergers and acquisitions, reverse takeovers, management by objective, debt restructuring, as well as capital market-sourced initial public offerings, secondary placements and arbitrage trades using a combination of debt and equity securities.

Performance Data of the Fund

Fund Performance Graph of Class D in SGD (Since inception of the Fund)

Monthly Net Performance Table of Class D in SGD (Since inception of the Fund)

*Numbers are based on monthly NAV, after deduction of all fees.

Performance since inception: SGD 111.10% | USD 117.61%

Fund Facts

Fund Type:
Debt and Equity Fund

Fund Size:
USD 5,431,050.54

Fund Currency:
USD/SGD

Fund Inception:
September 2016

Fund Investor Type:
Accredited Investors/
Institutional Investors

Fund Domicile:
Cayman Islands

Fund Redemption:
Quarterly

Frequency of Valuation:
Net Asset Value is calculated
and reported monthly

Dealing Frequency:
Monthly

Front End Fee:
Up to 5% of value vested

Fund Administrator:
Apex Fund Services (Singapore)
Pte Ltd

Custodian:
CGS-CIMB Securities
(Singapore) Pte Ltd

Legal Advisors:
ZICO Insights Law LLC
(Singapore Law)
Conyers Dill & Pearman Pte Ltd
(Cayman Islands Law)

Auditor/ Tax Advisor:
Squar Milner (Cayman) Ltd

Management and Key Personnel of the Fund

Tan Choon Wee
(who holds the management share of the Fund)

Background of Founder: Prior to AOFI, Mr. Tan had been managing the investment portfolio of Advance Opportunities Fund. Mr. Tan has over two decades of investment experience in the capital markets and has held significant roles in major banking and stockbroking firms since 1991. He has vast experience in marketing financial products such as convertible debts, private placements and IPOs and executing program trading for large institutions.

Background of IM: The Fund has appointed ZICO Asset Management Pte. Ltd., a private limited company incorporated in Singapore, on 15 July 2019 as the Manager of the Fund. The Manager is regulated by the MAS, licensed as a capital markets services licence holder for fund management.

Key personnel of the IM: Simon Lim Khoon Siong (CEO) and Lynn Woo (Portfolio Manager).

Fund's Asset Allocation

Current Issuers:

Malaysia:

  • Alam Maritim Resources Berhad
  • Eden Inc. Berhad
  • Hubline Berhad
  • Tanco Holdings Berhad
  • Vertice Berhad

Thailand:

  • Simat Technologies PCL
  • Pranda Jewelry Public Company Limited
  • Seven Utilities and Power PCL

Fund Operating Structure