MONEY MANAGEMENT
Tan Chong Koay sets the pace in Malaysia
eontatian, but cop Malaysian
and manager Tan Chong Kony
says hat hats leading, “Tama con
avian near the peak of 2 cjle” he
allows, But deep down Tan i 2 fan
amenali, 4 stong
belee inthe ec
ing of thc guru of
analysis, the late
Benjamin Gicham.
"Hehad simple a”
Tanobiess “A sare
asa value, and once
ie becomes overal
sed sel ie”
By, following such
rae, Ta, chi execne
ofcs of Phi Avex Ma
agement, has consistently
Sayed head ofthe Malay
flan froney mumgeneat
H: hae been Inbled a soc market,
tuent inthe marke. Lynch otherise
sense view dct apy ia Male
ooriouly vlad nace mac he sy
“In hi par ofthe wood, you have ne
hoi” be inns "And shuld ily
invested ace the boom ofthe matt
fad tiewmed near the
peak. Bur you should
ever be fly iveted
Salles”
Tan agrees that
predicting market
sur isn esy, bu in
eaty ow decades as
money manager, he
has managed ie
the Malin mater
petal In 1987, for
crample, he sold 65
patent of he socks in
his porefolio in June
and wat sing on» huge
cash ple when the market
[pk In 1992 de $113 millon, PhoimAwsat cathe in Octobe. Then,
London Sock Exdingelstel Managements near che Sxzom, he bought
Ovientl Smaller Companies Ton "When ‘Today Tan is managing
Fund (then called Malaysian cheap, jal bay" 300 ilo gg ($122 a
Emerging Companies Fund), lag wd ad 90 ice
ic Tan edo og ite ot ft
{nmi fined cher Micopal king
f laverent tot a he Tar Bat
Jip the $80 millon Sexag Pun, an
other LSE ltng that Ta ran, was the
dein 993.
‘Bur Tan dsages on ates one pint
wid another US. mater expe, urd
Fdslay Magellan Fund manager Feet
Lynch, who doen believe in predicting
280 SEPTEMEER 1005