There was a report on Wednesday’s (13th April) edition of The Straits Times about the staggering returns that a novice fund produced in 2009 (Novice investment fund outperforms big guns). I decided to check out that fund’s website.
According to the article, the fund was named by Thomson Reuters as the “best performing Singapore-registered fund”. The fund returned 155% in 2009 vs the 30% produced by the MSCI Asia index. The article also mentioned about the good individual returns produced by the fund managers from “over the six years to September 2007″. There was no mention of the 2008 returns. The following are the returns listed on the website.
There is no need to be a super investors “over the six years to September 2007″ to make double or triple digits returns.
My exact sentiments. Just trying to point out the bias in the skewed report. The article only mentioned the returns that coincided with bull markets. The performance in 2008 was not mentioned at all.
They show only the “best time”, if write about 2008, maybe there is no article more…