User:Vanguardsheet/Teng ngiek lian

Teng Ngiek Lian

Mr. Teng Ngiek Lian is the founder of Target Asset Management, an asset management specialising in value investing in Singapore. Ngiek Lian is a former Managing Director of Morgan Grenfell Investment Management Asia and Managing Director of UBS Asset Management, Singapore. He has more than 40 years of industrial and investment experience in Asia.

Ngiek Lian managed more than US$2 billion of assets before winding down the flagship Target Asia Fund. The Target Asia Fund delivered an almost 10-fold return during its 14-year existence before he wound down its operations in July 2010.

He returned from retirement in April 2011 with a new Target Value Fund. Unlike his previous fund which sought to beat the MSCI Asia ex-Japan Index, the new fund will aim for absolute returns over a three-year period. Investors who withdraw their money within three years will have to pay a penalty that will be reinvested in the fund. The target size is US$500 million and approximately US$300 million has been raised.

Ngiek Lian is a director on several boards; including Fullerton Fund Management company and van Biema Value Partners.