Both Leong and Lai were formerly from Schroders. Leong left Schroders in 2005 to set up AR Capital and Lai joined him in 2008. Leong was CIO for Asia ex-Japan equities at Schroders, while Lai was a director and senior portfolio manager with Schroders’s Asia Pacific ex-Japan equities team.
AR Capital says it will be launching its new fund under the Monetary Authority of Singapore (MAS)’s Equity Market Development Programme (EQDP) in the second quarter of this year.
The fund will be named the “AR Majulah SG Fund” and will be managed by a team of nine portfolio managers and analysts. AR Capital’s executive director and portfolio manager Millicent Lai tells The Edge Singapore that AR Capital’s founder and CEO, Leong Wah Kheong will be involved in the fund as well.
