DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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Former SEC-registered adviser

N•• S••• R••• I••••••••• P•• L••

Former SEC-registered adviserSingapore, CRD 159764SEC 801-79091websiteIAPD
Latest filing Mar 24, 2025
First filing on the tape Jan 13, 2014 · 16 filings
SEC status approved since Feb 12, 2014
RAUM
$615M
reported, Item 5.F
Discretionary
79%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
9 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$615M as of Mar 24, 2025
Feb 5, 2015$2.1B then
HNW client RAUM$0 as of Mar 24, 2025
Mar 14, 2018$0 then
State-registered IARs (5.B.3)0 as of Mar 24, 2025
Feb 5, 20150 then
Employees (5.A)15 as of Mar 24, 2025
Feb 5, 201515 then
Private funds3 as of Mar 24, 2025
Feb 5, 20153 then
RAUM -7.0% over the last fiscal year-30% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2025; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$87.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
79%derivedof RAUM
Institutional
31%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-7.0%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$427M69%
  • State and municipal entities$153M25%
  • Sovereign wealth funds$34.5M5.6%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      5 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      A••• L••••••• M••••• F••• L••Hedge Fund$168M93Jan 4, 2012
      N•• S••• R••• C•••• M••••• F••• P•• L••Hedge Fund$107M32Feb 5, 2015
      A••• D•••••••• E••••••• C•••••••• M••••• F••• P•• L••Hedge Fund$30.7M28Mar 25, 2013
      N•• S••• R••• I••••••••• M••••• F•••• V••Hedge Fund$25.8M18Mar 28, 2023
      N•• S•• M••••• F••• P•• L••Hedge Fund$13.1M8Mar 24, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • A••• A••••• · Chief Compliance Officercontrol
        since 01/2014 · owns less than 5%
      • G••• R•••••• · Directorcontrol
        since 08/2009 · owns 50% to 75%
      • H••••• Y•• L••• · Directorcontrol
        since 08/2008 · owns 25% to 50%
      • N•• W•••••• · Chief Executive Officercontrol
        since 04/2015 · owns less than 5%
      Related persons
      Schedule D 7.A
      • N•• S••• R••• M••••••••• C••••••••• ••••••••• L••
        investment advisery
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 7
        Mar 25, 2024 to Mar 24, 2025
      • Pooled vehicle clients · 6 to 5
        Mar 25, 2024 to Mar 24, 2025
      • HQ state · unset to
        Mar 25, 2024 to Mar 24, 2025
      • Private funds · 4 to 3
        Mar 25, 2024 to Mar 24, 2025
      • Discretionary RAUM · $520M to $487M
        Mar 25, 2024 to Mar 24, 2025
      • Non-discretionary RAUM · $141M to $128M
        Mar 25, 2024 to Mar 24, 2025
      • Pooled vehicle RAUM · $445M to $427M
        Mar 25, 2024 to Mar 24, 2025
      • RAUM · $661M to $615M
        Mar 25, 2024 to Mar 24, 2025
      • Accounts · 10 to 8
        Mar 28, 2023 to Mar 25, 2024
      • Advisory employees · 12 to 9
        Mar 28, 2023 to Mar 25, 2024
      • Pooled vehicle clients · 7 to 6
        Mar 28, 2023 to Mar 25, 2024
      • Employees · 18 to 15
        Mar 28, 2023 to Mar 25, 2024
      • Private funds · 5 to 4
        Mar 28, 2023 to Mar 25, 2024
      • Discretionary RAUM · $674M to $520M
        Mar 28, 2023 to Mar 25, 2024
      • Non-discretionary RAUM · $158M to $141M
        Mar 28, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $524M to $445M
        Mar 28, 2023 to Mar 25, 2024
      • RAUM · $832M to $661M
        Mar 28, 2023 to Mar 25, 2024
      • Accounts · 11 to 10
        Mar 28, 2022 to Mar 28, 2023
      • Advisory employees · 13 to 12
        Mar 28, 2022 to Mar 28, 2023
      • Pooled vehicle clients · 6 to 7
        Mar 28, 2022 to Mar 28, 2023
      • Employees · 19 to 18
        Mar 28, 2022 to Mar 28, 2023
      • Private funds · 4 to 5
        Mar 28, 2022 to Mar 28, 2023
      • Discretionary RAUM · $1.6B to $674M
        Mar 28, 2022 to Mar 28, 2023
      • Non-discretionary RAUM · $179M to $158M
        Mar 28, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $776M to $524M
        Mar 28, 2022 to Mar 28, 2023
      • RAUM · $1.8B to $832M
        Mar 28, 2022 to Mar 28, 2023
      • Accounts · 10 to 11
        Jun 29, 2021 to Mar 28, 2022
      • Advisory employees · 12 to 13
        Jun 29, 2021 to Mar 28, 2022
      • Pooled vehicle clients · 5 to 6
        Jun 29, 2021 to Mar 28, 2022
      • Employees · 18 to 19
        Jun 29, 2021 to Mar 28, 2022
      • Discretionary RAUM · $2.0B to $1.6B
        Jun 29, 2021 to Mar 28, 2022
      • Non-discretionary RAUM · $149M to $179M
        Jun 29, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $1.1B to $776M
        Jun 29, 2021 to Mar 28, 2022
      • RAUM · $2.2B to $1.8B
        Jun 29, 2021 to Mar 28, 2022
      • Advisory employees · 13 to 12
        Mar 24, 2020 to Mar 25, 2021
      • Employees · 19 to 18
        Mar 24, 2020 to Mar 25, 2021
      • Discretionary RAUM · $2.0B to $2.0B
        Mar 24, 2020 to Mar 25, 2021
      • Non-discretionary RAUM · $77.1M to $149M
        Mar 24, 2020 to Mar 25, 2021
      • Pooled vehicle RAUM · $960M to $1.1B
        Mar 24, 2020 to Mar 25, 2021
      • RAUM · $2.0B to $2.2B
        Mar 24, 2020 to Mar 25, 2021
      Signals
      6 dated events
      • N•• S••• R••• I••••••••• P•• L•• no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $615.1M)
        Aug 1, 2025 · Left the SEC roster · derived
      • N•• S••• R••• I••••••••• P•• L•• reported RAUM $832.3M, down 54% from $1.8B (2022-03-28 to 2023-03-28)
        Mar 28, 2023 · RAUM change · derived
      • Alan Chua (Managing Director, Research) no longer on Schedule A of N•• S••• R••• I••••••••• P•• L•• (listed 2018-03-14, absent 2019-03-25)
        Mar 25, 2019 · Control person left · inference
      • Fung Ee Lim (Managing Director, Research) no longer on Schedule A of N•• S••• R••• I••••••••• P•• L•• (listed 2018-03-14, absent 2019-03-25)
        Mar 25, 2019 · Control person left · inference
      • N•• S••• R••• I••••••••• P•• L•• reported RAUM $2.3B, up 53% from $1.5B (2017-03-09 to 2018-03-14)
        Mar 14, 2018 · RAUM change · derived
      • N•• S••• R••• I••••••••• P•• L•• filed its initial SEC registration (Form ADV)
        Jan 13, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026