March 12, 2010 6:48 PM ET
Focus
Profile Feedback
-
Other Models
-
Mechanical Systems (Market timing)
-
International asset allocation (Macro)
-
Macro & Sector ETFs (Macro)
-
Market-Neutral Growth (Opportunistic)
-
Total Return Hedged (Macro)
Yinglan Tan
Strategy Venture Capital-Backed Equities
Category Special Situations
Average trade replication time 2 minutes
1,008 Views
2 Subscribers
Fees 1.50% of invested assets p.a. Subscription Min $5,000.00*
He invests in the top venture-backed equities with predictable earnings and long-term growth. He is the author of "The Way of the VC - Top Venture Capitalists On Your Board". He has an M.S. from Stanford and is a J.F.K. Fellow from Harvard. He currently lives in Singapore.
His strategy for managing volatility is to employ a strategy of diversifying investing in top venture-backed equities with predictable earnings and long-term growth.
99% of NASDAQ was assisted by 900 venture capital firms. 42% of NASDAQ was assisted by 5 VC firms. He bets along-side the growth trajectory of these 5 VC firms. He utilizes a bottom-up approach with an emphasis on predictable earnings... [more +]
As author of “The Way Of The VC – Top Venture Capitalists On Your Board” – www.wayofthevc.com and faculty of finance in a top Asian University, he has learned how to block out the noise and extract valuable wisdom from her experiences in venture-backed equities. He has also served on the board of an Asia-focused Fund of funds. He spends significant time speaking with other value investors, studying... [more +]
For serious money, he believes that Asian venture-backed equities are solid investment vehicles to leverage on the growth opportunities in Asia. He holds on average 10 to 20 securities and will not likely put more than 20% into any one holding. His buying frequency is fairly low, preferring to patiently wait for attractive prices and then hold the security. He will also conduct a monthly evaluation... [more +]
He will aim to sell positions in a stock on a significant price drop and take profits in 15% increments on price appreciation over stages in order to lock in gains and moderately enjoy momentum rises. He uses stop loss orders as a tool to limit losses.
On occasion, he will take an opportunistic approach and build satellite positions around special venture-backed equities to take advantage of valid themes or trends.
Investment Report
Warren Buffett has said that Wall Street is a little like a movie theater that has a special rule where if you want to leave the theater you need to find someone outside the theater to take your seat. Focus on the long term. Otherwise the risk of being pulled in and pushed out of investments at the wrong times is particularly high.
Banking on (i) IPOs which address a significant market opportunity,...
March 2010
Personal Background
- Author of “The Way Of The VC – Top Venture Capitalists On Your Board” www.wayofthevc.com
- Specialises in venture-backed equities
- Adjunct Faculty of Finance in Top Asian University
- Certified Risk Analyst
- M.S. from Stanford University and J.F. Kennedy Fellow from Harvard University
- Lives in Singapore
Experience on Covestor.com‡
Yinglan Tan's Covestor.com Profile
- Overperformed S&P 500 for 11 of their 15 months on Covestor.com#
- Return Since Inception: 116.94% (December 2008)
- Last 3 Months Return: 3.45% (S&P 500 0.81%)
- Annualized Return: 88.75%
- Sharpe Ratio: 2.73 (S&P 500 -0.08)
- Maximum Drawdown: -25.03% (S&P 500 -56.78%)
Performance
| Inception December 23, 2009 | Model Manager | S&P 500 |
|---|---|---|
| Return Since Inception (%) | (8.80) | 2.65 |
| Month to Date Return (%) | 1.05 | 4.14 |
| Sharpe Ratio | (0.84) | 0.85 |
Monthly Performance (%)
| Month | Return | S&P500 | Outperformance | Risk | Performance |
|---|---|---|---|---|---|
| Feb | (5.01) | 2.85 | (7.86) |
|
|
| Jan | (4.56) | (3.70) | (0.86) |
|
|
The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.
Top Holdings
| Symbol | Security | Exchange | Allocation (%) |
|---|---|---|---|
| GAME | SHANDA GAMES LTD-ADR | NASDAQ | 134.41 |
| DGW | Duoyuan Global Water Inc. | NYSE | 59.01 |
| IRWD | Ironwood Pharmaceuticals Inc. | NASDAQ | 14.28 |
Total Holdings 4
Data displayed is as of market close: March 11, 2010
Recent Transactions
| Symbol | Security | Type | Price |
|---|---|---|---|
| GAME | SHANDA GAMES LTD-ADR | Buy | $6.77 |
| DGW | Duoyuan Global Water Inc. | Sell | $25.81 |
| GAME | SHANDA GAMES LTD-ADR | Buy | $6.91 |
| GAME | SHANDA GAMES LTD-ADR | Buy | $6.95 |
| GAME | SHANDA GAMES LTD-ADR | Buy | $6.96 |
Data displayed is as of market close: March 11, 2010
* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
‡ Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.
# Since the model manager's inception in Covestor.com
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. The information set forth herein is not a substitution for personalized investment advice, and should not be construed as a recommendation to purchase or sell a particular security or to subscribe to a particular model.
While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security. Covestor does not guarantee or certify the quality, accuracy, completeness, or timeliness of any content contained herein or on the Covestor.com website. Please take appropriate professional advice in any investment decisions.
External Website Link
By clicking the link you are leaving Covestor's CV.IM web site. Covestor does not monitor third party web sites, makes no representations as to the accuracy or suitability of any information to be found on such sites and takes no responsibility for such sites. The link is provided for convenience purposes only. Should such a website contain inappropriate content please report it to Client Services.