Aggregate Asset Management is a fund management company that holds a Capital Markets Services (CMS) License for fund management activities under the Securities and Futures Act, Singapore; and is regulated by the Monetary Authority of Singapore (MAS).

I believe in the management team’s capabilities and the long-term performance prospects of the fund.
Professor Kishore Mahbubani, Chairman, Aggregate Asset Management
Aggregate Asset Management is one of the earliest and rare fund management companies that aligns clients’ interests with our own – we do not charge management fees; clients only pay performance fees when they enjoy absolute returns.
Because of Singapore regulations, we can only serve Accredited Investors. An Accredited Investor is defined according to the Securities and Futures Act, as an individual with net assets of at least S$2 million (maximum of S$1 million net in primary residence), or an annual income no less than S$300,000, or net financial assets of at least S$1 million.
Why us?
(A) Zero management fee, perfect alignment of interest.
Typically most funds charge a management fee as a fixed percentage of assets under management (AUM). This incentivizes funds to chase the growth of AUM instead of performance for their clients. Aggregate revolutionises this by being the first fund management company in Singapore that offers a zero-management fee model. It aligns the interest of clients with the company. At AAM, clients only pay a fee when their investments are profitable. (In investor parlance, only a performance fee is levied when the fund hits a new high water mark). This is unheralded in the fund management industry in Singapore. AAM’s asset under management has grown quite significantly to S$600M from its inception. Evidently, investors appreciate AAM’s philosophy of giving investors a fair bargain.
(B) Extensive diversification.
AAM holds almost 1,000 stocks in its portfolio. AAM recognizes that investing in stocks is a risky endeavor – and a unique and effective method that AAM adopted to reduce risks substantially is by extensive diversification. Traditionally, most fund management companies hold stock positions of between 20-50. Holding too few stocks can result in highly volatile results and a mistake made in stock selection can be punishing to performance for the entire fund. AAM’s breakthrough method of extensive diversification of hundreds of stocks results in a fund with low volatility and reduces the chances of permanent loss substantially. With extensive diversification, clients and fund managers can sleep better at night.
(C) AAM services individual investors.
AAM was set up with a focus to help individual investors meet their retirement goals. The minimum investment amount to get started is S$100,000 – a relatively friendly entry level because we want more people to have a chance to experience the powerful effects of compounding. We are a firm set up by individuals for individuals because we see so many people struggle with meeting their retirement needs. We advocate for the concept of a 3-5% withdrawal rate. What this means is that every investor has the flexibility to withdraw a certain percentage of their total investment funds according to their lifestyle needs every year. For example, based on a 4% withdrawal rate, a client with $2M in investment funds can withdraw $80,000 every year to fund his retirement. The investment strategy of AAM will ensure that this retiree will not run out of money despite the annual withdrawals made AND potential market corrections or volatile market swings. The value of this concept is that, at the end of the day, he will still be able to leave a sizeable amount for his beneficiaries. The 3-5% withdrawal rate is made possible because our targeted long-term rate of return exceeds the annual percentage withdrawn. Many of our clients use the fund as a long-term savings plan by making regular contributions to the fund.
(D) AAM is a small boutique firm owned and operated by its founders.
The founders of AAM dedicate themselves to a single focus on clients by delivering stellar investment results that would enable them to meet their goals of retirement, wealth preservation or leaving a legacy for future generations. Unlike most other funds out there, the founders are personally invested in the fund. They contributed capital at startup, and have re-invested their returns into the fund. Their financial well-being is tied to the growth of the fund, aligning their interests with clients. They worry when clients worry and rejoice along with clients when the fund does well. In other words, the founders are eating from the same pot that they are cooking for their clients.