Received this email today.

Anybody can study this: RHB PRE-IPO & SPECIAL SITUATION FUND 3 (MYR class).

I dont quite know what it is..Need you guys' view
Is it a good UT to buy?

in particular this:
RHB-OSK Pre-IPO Fund (2011-2015), 4 years lock in period, 84% total returns for investors.

--> The last one launched made 84% in 4 years??
1 year average return 21%?? That sounds too good. betul kah?

Thanks
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Greetings.

We are extremely happy to tell you that RHB PRE-IPO & SPECIAL SITUATION FUND 3 (MYR class) has now launched and it is available for subscribe in our platform before 18 November 2015, 3 p.m. This is a closed-ended fund that invests in private equities. The fund is managed with the goal of achieving superior long term investment returns by opportunistically investing in pre-IPO (50%) and special situation deals (50%).Specifically, the fund targets to invest in securities of listed and/or non-listed companies and/or other assets including but not limited to pre-IPO private equity investments (both early and late stage pre-IPO deals), asset back investments, portfolio acquisition and specialized financing with features of downside protection and upside sharing.

In terms of geographical allocation, the fund’s initial target allocation will be 50% in ASEAN, 30% in North Asia and the remaining 20% in the rest of the world (a heavy overweight position in Asia and Emerging Markets). However, the fund’s geographical allocation may be adjusted from time to time at the discretion of the Fund Manager. (read more on Private Equity)

Why Private Equity can be your alternative investment tool?

· Superior returns (kindly refer to article above)

· Off-market assets and privately-negotiated investments (usually available for institutional investors only)

· The stability (illiquidity, lower volatility) and customizable nature of the financing arrangement enable private equity fund manager with more bargaining power, in terms of returns, exit strategies and downside protection measures

· Not limited to listed securities only (where returns are generally dictated by the overall market direction)

· Lower correlation with the stock or bond market (diversification of portfolio)

· Illiquid nature of private equity fund “ensure” you stick to long term (5-6 years) investment plan without exit market due to emotion

Please ensure that you are clear about the fund investment lock in period as stated below and all the fund details which attached in the attachment or stated in Information Memorandum / Product Highlight Sheet before make your investment decision. (especially Investment Strategy, Benchmark, Tenure and maturity and Distribution Policy)


Tenure
5+1 years
Closed for subscription
From 18 November 2015 after 3pm until maturity date
Estimated Maturity Date
18 November 2020 (No Redemption until Maturity Date)



You may wish to look at the track record and performance the RHB-OSK Pre-IPO Fund (2011-2015), RHB-OSK Pre-IPO & Special Situation Fund 2 (09/2014-curent) managed by the same private equity investment team with the same strategy.

RHB-OSK Pre-IPO Fund (2011-2015), 4 years lock in period, 84% total returns for investors.

RHB-OSK Pre-IPO & Special Situation Fund 2 (09/2014-current), 1 Year (as at 31st August 2015) NAV up 30.9%* (excluding cash distribution),
2015 Q2 Cash Distribution of 1.3%
2015 Q3 Cash Distribution of [1.6]% (in process)
2015 Q4 Cash Distribution is expected to continue based on the current information provided by the portfolio companies

Important Remarks
This is a wholesale fund, therefore self-declaration as Qualified Investor is required before purchase for this fund. You will find the list of requirement when you click to view this fund RHB PRE-IPO & SPECIAL SITUATION FUND 3 (MYR class).

Please do not hesitate to contact us if you need any assistance.

Thank you and have a pleasant day.

Regards,
Sean Lian
Client Investment Specialist, Penang
Hotline: (04) 6401567

how to deduct SC? It is part of our cost in doing the investment right?
Any idea if Polarbearz's file excluded this SC??


worth it if can make money, i got few FSM UTs rated 10 also.

200k only la.
min this time i think is 100. what do u think, can make money there?

follow you guys.. topped up Ponzi 2 and Global Titans.

Thanks, i also enquired about that 2% fee, got same reply as you, abit disappointed.


Looks like you are considering it also. let me know if you decide to buy.
Suffer 100% loss i think is very very unlikely.
If after 5 years no profit already jialat liao.. We are buying on FSM's reputation.
If FSM bring us to holland, next time no business lo.
But previous series showed very good result, same management right?

yesterday added OSK GS US Equity. like that can add more?

I see GS US Equity already dropped quite alot from 0.85 to 0.78.
Very tempting
titanic got more potential?

thanks current price should still be cheap right?
Already got some at 0.8528, so can add more tomorrow?.

You foresee KGF And Eastspring Small Cap will drop?
My KGF profit 13.2% and Small Cap 11.8%, if you foresee they will drop i want to sell also.
My highest profit now is 21.7% CIMB Asia Pac Dynamic, frens in here say can buy more.

CIMB Global Titans also they all recommended - i added 3k today.

this FSM FPX payment got problem, unable to receive TAG, tried M2U and cIMB click also same.......looks like i cant top up Global Titans today....sigh

hello frens, see got quite some profit in my FSm, wanna take profit, sell east spring small cap, KGF, Hwang Select asia Jap opportunity, switch to CMF. Any comments appreciated before 3pm. next month market drop can buy back

ok

intra switch to CMF yes. Stay invested for 5 years, can.
just hand itchy . from previous swings, from 20k profit it can go down to almost none if mart were to crash again.

finally swicth half EISC, KGF , HASOpp to CMF. thansk anyway

good news , luckily i added some that day at 0.2897


i see next time i can switch to bond , get free credits some more? But my Equity purchases bought at 0% fee can get credits also?

must stay how long in bond before switching out to CMF to get credits?
Switch in and immediately switch out also can get credit points?

thanx sifu sifu in here.

This post has been edited by guy3288: Oct 21 2015, 07:45 PM

i am very happy joining u guys in this forumn.
surprisingly my IRR is 10% , must be luck as i buy by hearsay only,
no report reading no analysis on my part.

must be me keep looking see wat u guys buying or selling.

u make money when the price is up above your cost price, dividend gives u more units, but with price adjusted down, it is the same la.

I sell when i make quite abit and locked in the profit, becos market is up and down, so from making 20k can go down to zero, of course later usually climb back up la.

the 20% ROI u saw there is simple profit/cost x 100%, quite meaningless if dont take time into account.
Short term IRR also quite meaningless as u can see below.

i just bought CIMB Global Titans, and the IRR is mad 142.33%

Because i sell and buy back, the ROI also quite confusing, u see my CMF ROI -115%!! It is like each time u sell with a profit, your cost keep going down......till negative?

RHB OSK GEY showed ROI 61%, Amoasis Global Islamic Eq ROI 57%, yet u dont see the price double above my cost.
i think same reason, each time i sell with profit the Excelfile adjust my cost down??

Whatever it is,i find the Polarzbearz excel file fascinating.
Thanks to Polarzbearz for preparing a special file for me.


PS: Wanna ask yklooi and other sifus, wonder if my earlier mentioned of Summary IRR 10%
was falsely elevated due to this new purchase Global Titans?? That would be bad as it does not reflect true returns.

This post has been edited by guy3288: Oct 22 2015, 09:27 AM

Yes i agree totally.

I wonder how much does this new purchase influence my summary overall IRR?

Earlier i was happy with summary IRR 10.11%.
deduct away this 142% IRR left how much?...



yes, buy low -sell high, the if got chance, buy low back again. if miss (UT keep going up) forget it.
if lost money i hold long term eg my AmCommodities, just keep buying , no chance to sell so far becos no profit.

This post has been edited by guy3288: Oct 22 2015, 09:43 AM

thanks, never know i can get credit points like that, but surely there is a 'cost' right? FSM cant be that generous dishing out free credit points for us to abuse.... Off hand i think the 'cost' is our money will be 'on hold' and "nonproductive" for that time few days? while moving from Eq to Bond and back to CMF, compared to switch sell direct to CMF.

I am not buying that RHB IPO, as i diverted them to FD promo 4.5% and now 4.6%. I guess u also not buying right?


That's great.

Thanks for your effort. I am abit blur after reading that.

I think Polarzbearz excelfile is quite clever, somehow that 142.33% IRR from new purchase did not really distort overall IRR on my previous old purchases that much.

I did an experiment on it, I deleted that new purchase, removed that exaggerated 142.33% IRR,
and overall IRR just reduced a little bit only, from 10.11% to 10.10%.

Is this in line with your calculations above?

Green green time i lock up more profits.
sold half RHB OSK GEY and Pacific Global Star.

in my case i sell 50,000 units, put in CMF waiting to buy back or other UT later on