Fund manager who took bad advice now relies on his own strategy
As a fund manager, Gerry Ng Joo- yeow has adopted the same investment approach for customers as he has for himself. The strategy is simple - choose a balanced portfolio, invest regularly and hold for the long term.
But even this professional fund manager has had his dark days. The chairman of the Hong Kong Investment Funds Association once lost more than half of his initial investment in a fund following bad advice.
Mr Ng was born in Malaysia and studied in Singapore and Britain before training professionally as a chartered accountant with PricewaterhouseCoopers in London. He came to Hong Kong in 1990 and later moved to JF Asset Management. In 2005, he switched to Baring Asset Management as managing director of the Asia division.
When did you first start to invest and how well did you do?
I first started to invest when I was at university in Britain. That was between 1983 and 1986, when there were a lot of British government-owned companies being privatised and many IPOs.