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