Majority of the share owners of ICAP are still happy with Mr Tan.

TTB said that the dividend payout recently was solely due to the tax credit balance. It is one-off. The duo listing of the fund is still on going. When asked why the fund is sitting on a huge pile of cash, he explained that most of the counters in Bursa are rich in valuation. He still holds on to Buffet's investment rule : Never lose money.
His presentation is mainly on macro economy of Malaysia and the America.

Yes, TTB did talk briefly about the investment portfolio. He did not want go too deep into the portfolio because that may affect the selling and buying price of the share if the other party know the next move of the fund. Anyway, we have the Investor Day the next day to get the facts from the horse mouth (the CEOs of the companies). The Investor Day drew a huge crowd especially TTB's talk where the hall was full packed until the door step.

According to Icap prospectus，the management fees is 0•75 percent of NAV and investment advisory fees is also 0•75 percent of NAV