“The strength of a company’s management, the integrity of the board and the ability to adapt and innovate - is what sets it apart in the long term. This is something crucial that I look for not only in the companies in which we invest but also where I practice my trade.”
Anouk manages funds primarily within the ESG space and strives to provide sustainable returns over the medium to longer term. Armed with over 15 years of investment experience in portfolio management, research analysis and business development, she currently models target portfolios, sector allocations and stock selections in equity portfolio management. She manages absolute and relative returns for third party and wholesale funds.
In the early days of her career, Anouk spent time at BNP Paribas Peregrine as a Research Assistant and at BHLB Asset Management as a Business Development Executive.
She joined ValueCAP as a pioneer of the research team involved in the setting-up of its research databases (earnings models, valuation tables and macroeconomic databases) and the overall identity of reports and presentations. Subsequently, as a Portfolio Manager in the investment department, she was a part of the team that successfully grew ValueCAP’s shareholders’ funds from RM300 million in 2003 to RM7.5 billion in 2012. She was also a part of the core team that was involved in the structuring and listing of the largest Shariah ETF in the world, MyETF-DJIM25.
Prior to joining VCAM, Anouk served as Senior Portfolio Manager at ValueCAP’s other subsidiary, i-VCAP Management, a Shariah asset management company where she managed a Shariah fund for an institutional client and listed Shariah Exchange Traded Funds.
Anouk graduated with a Bachelor of Arts in Economics from the University of Missouri, Kansas City, and is a Capital Market Services Representative’s License holder.
“Seeing the dynamics of the market; the way it reacts and moves and then applying our expertise to get the best out of any given market situation – it’s a great motivation every day as it is fluid and exciting. When we look at the various companies out there, it’s really about fundamentals but we have to be conscious of all the external factors that have an impact on a company’s operations. This includes the basic principles of doing good which appeals to me and that’s where the ESG markers make a difference.”
At VCAM, Angie manages the Malaysian ESG Opportunity fund capitalising on her 23 years of experience in managing equities, both in Malaysia and in Asia ex-Japan across insurance, pension, state, unit trust, foundation, corporate and private funds.
Angie began her career as an analyst at SBB Securities. She then joined Aseambankers before moving on to SBB Asset Management. While at SBB Asset Management, the SBB Retirement Fund which was under her portfolio, won the best performing fund by Lipper Asia in the balanced category for one and three years, and SBB Premium Capital Fund was consistently in the top-quartile on a 5-year rolling basis.
Subsequently, she was with AIA where she managed both the local as well as foreign equities of the life funds. She covered Asia ex-Japan markets and managed the Asia ex-Japan Dividend Fund and Asia Opportunity Fund.
Angie has seen four big bull cycles in 1993, 2001, 2007 and 2010-2014 and three big bear cycles in 1994, 1998 and 2008, giving her excellent footing to take advantage of market cycles and adopt a contrarian view.
Angie graduated from the London School of Economics with a degree in Actuarial Science.
“I love what I do because of the fluidity and changes of the fixed income markets. There is a need to work smart as it makes good business sense and this more often than not translates to positive outcomes for client portfolios. What I especially enjoy is the funds that we manage allow me to be closer to my clients. I appreciate that our performance enables some clients to pursue noble undertakings such as building schools. As such, knowing that what we do has direct societal benefits, I have to be absolutely sure with my investment decisions.”
Muzanee brings his 20 years of experience in managing, trading and hedging multi-currency Credit/Private Debt Securities, Interest Rate Swaps and MGS/Gii for various institutions to his role in VCAM’s Fixed Income team.
He has managed various aspects within Treasury throughout his career including Asset Liability Management as well as Sales and Trading of various treasury products. He gained valuable experience during landmark financial crises over the last two decades namely the Asian Financial Crisis, the DotCom bubble and the US housing market crisis which has lent itself to honing his decision making and trading skills.
Muzanee began his career in Affin Investment Bank as a Treasury Dealer gaining vast knowledge of the business before moving on to Bank Muamalat as Head of the Fixed Income unit responsible for the bank’s investment and trading books. During his tenure there, he spearheaded the setup and running of the shareholders’ fund portfolio. In 2010, OCBC Bank (M) welcomed Muzanee as their Credit Trader on their derivatives trading desk.
He graduated with a Bachelor of Accountancy from the International Islamic University, Malaysia.
“Recent correlation trends between asset classes are challenging traditional investment theories. As financial markets evolve through product innovations, it is essential that we commit to improving and adapting our roles so as to be ahead of the rest. Ultimately, we have to not only be intelligent and sensible but also ethical in delivering financial performance to our investors and other stakeholders.”
With over 14 years of experience in bonds, foreign exchange and derivatives, Badrul is confident that through his work, he can make a difference in helping shape the world for the next generation.
He does so by finding value around him, be it from a macro or micro level, driven through internal and external valuation. He also believes that companies should look beyond cost cutting and constrain measures as means to improve performance.
Badrul begin his career in 2002 at Bumiputra Commerce Bank in the Capital Markets Division trading in Malaysian Ringgit Bonds in both Government and Private Debt Securities as well as managing non-Malaysian Ringgit Portfolio and Funding. Subsequently, he joined CIMB Investment Bank in their Cross Market Trading (Derivatives) Division trading in US Dollar Bonds, Foreign Exchange and Interest Rates. During his three years there, he was responsible for setting up the Foreign Exchange Options and Asian Foreign Exchange Trading Desk.
From 2007, Badrul was attached to OCBC Bank focused on Credit & Interest Rate Trading, once again honing his skills in trading Bonds (Malaysian Ringgit and non-Malaysian Ringgit), Foreign Exchange and Interest rate derivatives. He assumed the role of Market Maker for Malaysian Ringgit primary deals where OCBC was the Lead Arranger/ Co-Arranger.
He was with RHB Bank’s Global Market Division in the Credit Derivatives Trading team before moving on to VCAM. He traded in Asian Government Bonds and Credits as well as managing the Interest Rates risks. He was also the market maker for primary deals for new issuance where RHB was the Lead Arranger/ Co-Arranger.
Badrul holds a Bachelor of Arts (Hons) in International Business from Northumbria University and obtained his Masters in Leadership from UniRazak. He is a Capital Market Services Representative License Holder as well as a Persatuan Pasaran Kewangan Malaysia’s License Holder.
“Committed, that’s what we are as there are always opportunities in the markets. There are always challenges in fund investments but with ESG-inclined funds, I take pride in knowing that we are helping our clients invest in companies that are sustainable not only from a financial angle but also from a corporate culture perspective.”
Nik Faiz brings 11 years of experience in equity management - nine years in capital markets and two years in audit and assurance services – to his role at VCAM where he manages private mandate funds and assists in managing the Malaysian ESG Opportunity Fund for the ASEAN region.
He is primarily responsible for the management of equity funds, ensuring that the client’s objectives for absolute returns, relative returns or both, are met. He actively canvasses the investment landscape for opportunities, attending company visits as well as conferences that could churn out potential leads. His collective experience has provided him the necessary skills to pick solid stocks that can yield good returns.
In 2005, Nik Faiz joined PricewaterhouseCoopers (PwC) as an associate in their Audit & Assurance Services department. He then moved on to the capital markets sector as an investment analyst starting with Opus Asset Management. While there, he was involved in preparing credit analysis on fixed income issuing companies in bonds or sukuks on all sectors, for recommendation to the Investment Committee, money market placement and also the trade allocation for investment trades. Then later, while at Maybank Investment Management (MIM), he focused on fixed income covering various sectors namely properties and plantation. At Opus and MIM, Nik Faiz earned himself invaluable experience having gone through the credit crunch cycle.
His equity experience began when he joined ValueCAP as a Senior Associate in portfolio analytics and within a year, he was promoted to Portfolio Manager in the Investment Equity department. His main job - to trade on stocks. His skill in selecting a particular stock at the right time was invaluable. During his tenure at ValueCAP, the team met all its targeted absolute returns every year based on the revenue budget. After five years spent managing equity in ValueCAP, Nik Faiz had a solid base when he became a Portfolio Manager in VCAM.
He graduated with Bachelor of Science with Honours in Finance and Accounting from the University of Salford in the UK in 2002. He completed his ACCA examination in 2005.
“It’s all about value. A company’s value is an indication if it will be a good investment and more often than not these companies will persevere in negative market conditions. As portfolio managers, we have a responsibility to ensure our investment decisions have a positive impact on our clients and society especially when you take into consideration that some of our investors are charitable bodies and pension funds; establishments that are the keepers of public funds”
Soon Chong manages various local equity funds ranging from wholesale and ESG funds to pension and government endowment funds. His 13 years spent in capital markets with stints across investment banking, treasury, risk management, auditing and asset management has prepared him well for his current role at VCAP Asset Managers. He is equally adept at making crucial portfolio decisions, and executing strategies for risk mitigation and capital preservation in bear markets as well as optimising profit under bull market conditions.
He began his career at Ernst & Young where he held various advisory and audit roles including leading the team on financial audit and advisory. He then joined AmInvestment Bank where he added investment banking and its corresponding divisions such as treasury, fixed income, forex, equity derivatives, risk management and internal auditing, to his portfolio of expertise.
In 2010, Soon Chong moved to ValueCAP as Vice President, where he spent five years in Investment Research covering sectors such as oil and gas, healthcare, consumer, technology, and media, in Malaysia and across ASEAN markets. This experience was crucial to his appointment as Portfolio Manager at VCAM to conduct equity valuations, top-down macroeconomic analysis and bottom-up fundamental analysis, in addition to stock selection based on value investing methodology.
Soon Chong holds a Bachelor of Accounting (Hons) from Multimedia University. He is also a Fellow Member of the Association of Chartered Certified Accountants (ACCA) and the Malaysian Institute of Accountants (MIA).
“There is a strong multiplier effect evident in many markets, including the financial sector. The idea of contributing to a group of people via managing funds, which then leads to increases in returns for the respective clients, and ultimately helps garner additional income and stability for a good percentage of the country’s population, is a powerful one.”
An experienced economist in the financial services sector, Khairul brings a different perspective to fund management, ensuring that both macro and microeconomic views are taken into account in many of the investment decision-making processes. He has tapped on his experience and linkage between the equities market and key commodities as well as foreign exchange markets. As an economist needs to constantly be ahead of the curve, Khairul has developed a keen eye for spotting potential game changers within the global financial markets.
Khairul began his career in AmResearch Sdn Bhd as a research analyst in the economics division. He moved up the ranks to become an economist within his first year in the company, working closely with the chief economist as well as the head of research on developing investment strategy and market outlooks for both Ambank Group and its clients. In addition to specializing in the Malaysian macroeconomic models, he monitored global and domestic macroeconomic developments as well as produced relevant value‐added reports. During this period, Khairul worked closely with equity sector analysts, large institutional clients and key industry specialists to gather insights on key trends and drivers of future growth.
He continued on this path at Alliance Research where he was given the opportunity to participate in the restructuring process at the research arm of Alliance Investment. Similar to his previous role, Khairul accepted the position of economist to publish frequent publications following economic data releases for both the domestic and global economy. Occasionally, Khairul published periodical thematic reports pertaining to current issues and its impact to both the domestic and global economy.
At VCAM, Khairul’s responsibilities include working closely with both equity and fixed income managers to conduct detailed portfolio analysis and client reports. Among the analysis considered include inter-industry comparisons, historical trends and movements, and an understanding of potential legal or regulatory restrictions that may impact the portfolio. Khairul also works closely with the business development division, providing assistance in research, as well as implementation and making operational, new funds for the company.
Khairul obtained a Masters (MSc) in Economics from University College London in 2010. While majoring in development economics, Khairul obtained accreditation in modules such game theory, as well as topics in money and finance. Prior to that, he graduated with an Honours Degree (BSc) in Economics from the University of Warwick, UK.
In the meantime, Khairul is actively expanding his understanding of the financial markets. Khairul holds a corporate finance technical foundations certificate, issued by the Chartered Institute for Securities & Finance (CISI) in the UK, and is also a Capital Market Services Representative’s License Holder.
“Make today better than yesterday – a simple credo to live by that is especially important to my colleagues and clients because I am entrusted to deliver my duties and responsibilities at my level best, and it’s a great way to keep my mind energised each day.”
Azah’s introduction to the corporate world was via Ernst & Young as an associate tax consultant. Her specialisation on Fixed Income started when she joined the Treasury and Capital Markets department in Bank Muamalat Malaysia Berhad as a junior trader, where her main responsibility was to assist in the management of the Bank’s fixed income portfolio to achieve the team’s annual targeted profit, by trading various Ringgit Islamic financial instruments, both sovereign and corporate. She also provided support for the Capital Markets Division on the distribution and sales of various Corporate Bonds, and developed new corporate and institutional client base through intensive marketing efforts.
She joined RHB Bank Berhad as fixed income trader, specialising in Sovereign Debt Trading. Here, Azah was groomed to trade both conventional and Islamic financial instruments such as Bank Negara Monetary Notes, Government Islamic Issues and Malaysian Government Securities, as well as various Private Debt Securities. Shen then moved to Ibdar Bank B.S.C, a Bahraini bank which had set up a branch in Kuala Lumpur, as a money market and fixed income dealer in the Treasury division. Here, she managed the bank’s US Dollar liquidity position and acquired new funds and deposits from local financial institutions and other corporate bodies, as well as supporting the Head of Treasury in managing and trading Islamic Dollar bonds with local counterparties. Throughout her practice as a Fixed Income trader, she has experienced a few market cycles that has trained her to evaluate and assess stocks of different credit ratings.
Prior to joining VCAM, Azah experienced nine years as a trader in the Treasury department of local and international banks, which provided a great foundation for making crucial portfolio decisions, meeting deadlines and complying with various requirements that calls for a high level of judgment, commitment and diligence, as well as being able to withstand working and performing under immense pressure.
At VCAM, Azah is responsible in assisting the team in the money market and fixed income portfolio of a few funds. The team is responsible for managing fixed income portfolios by investing and balancing both sovereign and corporate bond papers of various tenors, ratings and industries based on the given mandates, to achieve the targeted returns.
Azah graduated with a Diploma in Economics from the University of London, a BA in Economics and Finance from University of Exeter and an MA in Finance and Investment from the University of Nottingham.
“High yield bonds and capital gains are critical to generate interest income and preserve capital for the funds under management. Every day, we learn new things and aim to be better than we were yesterday; not only from a personal point of view but also for all our stakeholders especially our clients.”
Shareena joined ValueCAP’s investment treasury team in 2011 right after graduation and was put in charge of the company’s cash management which involved meeting the company’s cash flow requirement and optimizing ROI by investing available cash through money market placements.
In 2014, she joined VCAM where she was involved in setting up the Fixed Income desk and managing the Fixed Income portfolio covering pension and endowment funds. This includes investing and balancing both sovereign and corporate bond papers of various tenors, credit ratings and industries, based on given mandates, to achieve the targeted return.
Aside from trading, Shareena conducts market data analysis to identify investment opportunities while assisting Senior Portfolio Managers on day-to-day portfolio management activities. As a part of the Fixed Income team, she also helps analyse economic, financial and industry trends and proactively communicates these findings through periodic reports on each managed Fund to management and clients.
Shareena graduated with a Bachelor of Accounting (Hons) from Multimedia University, Cyberjaya.