iCapital: One Of The Top Five Fund Managers In The World Lost 79% In One Single Investment!

Indulge in me for a moment.

In A Quick Look At iCapital's Annual Report 2008

• Let's have a look at their Annual Report 2008.

Now if we click that link above and open the attached pdf file, near the end of the report, we will see the following.

WOW! It's more mind boggling really.

Cost of their ' so-called value investment' in that one share is 17.883 million. And they sold this investment for a lost. How much did they lose? Just 14 million!!!!! (See iCapital Lost 14 Million In Axiata Without Explaining Why )

Now if my calculator is not faulty, this looks like an investment loss of 79%.

Hmm.. wasn't it just a month ago there was a huge article on Tan Teng Boo?

Found it.

Up Close and Personal with Tan Teng Boo

There was this interesting boasting statement printed that I remember. :p2

• “I’m pretty damn good at what I do. I would say I am one of the top five fund managers in the world. It is a pity that people don’t really recognise that,” says Tan in such a matter-of-fact manner, that it’s almost hard to construe that as boasting.

Hmmm.... and this 'one of the top five fund managers in THE WORLD' has just lost 79% of its investment in one single stock!

Well isn't this just mind bloggling?

Malaysia Can!