A Short History
Capital Dynamics Asset Management Sdn. Bhd. or CDAM is licensed as a fund manager under the Securities Industry Act of Malaysia. CDAM obtained its licence in 1997 and has been delivering consistently superior returns to its clients.
Setting up Capital Dynamics Asset Management was more than just a logical extension of our operations. It all began in early 1988, when Capital Dynamics Sdn Bhd or CDSB applied for its investment advisory licence. This was soon after the nightmarish crash of October 1987, a time when many were convinced that a global depression was starting. We, instead viewed it as an opportune time to enter the investment industry. In 1989, CDSB became Malaysia’s first independent investment adviser. Its investment portal, www.icapital.biz, was launched in 2002.
In Malaysia, as in other countries, we recognised that there was a dire need for a fund manager that has a “partnership” attitude towards clients; one whose success is unquestionably tied up with the performance of its clients’ portfolios. In building CDAM up as an independent, owner-operated set-up, there really is no doubt that we have put our money where our mouth is. We do well only if our clients do well.
The following passage from the 1940 book, “Where are the customers’ yachts ?” by Fred Schwed sums it all:
“An out-of-town visitor was shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor.
He said, ‘Look, those are the bankers’ and the brokers’ yachts’.
‘Where are the customers’ yachts ?’ asked the naive visitor.”