Capital Dynamics Asset Management Sdn Bhd was set up.
Capital Dynamics Asset Management Sdn Bhd obtained a fund management licence from the Securities Commission.
24 April 1998
The first client’s account was opened. The delay in accepting clients was intentional, as CDAM did not feel that the time was right to invest when we got the licence. We did not want to put our clients’ money in fixed deposits and still charge them a management fee.
The first stock purchase was made. When the Federal Reserve cut interest rate for the second time in 2 months and outside the Federal Open Market Committee meeting, it was our buy signal after watching the world economy very closely.
We accepted our first corporate client.
The funds under management reached the first RM10mln.
The funds under management reached the first RM100mln.
The SC approved the launch of icapital.biz Bhd, a closed-end fund to be managed by CDAM.
In a span of 17 years since we accepted our first client in 1998, the funds under CDAM’s management has surpassed half a billion ringgit and it is still growing.