The asset management company of Select Opportunity Fund and Dana Izdihar fund is Malaysia-based Hwang-DBS Unit Trust Bhd. DBS Asset Management is the advisory company to Hwang-DBS. Teng has 12 years' experience managing absolute return mandates and David has been managing institutional funds for seven years.

Hwang-DBS Select Opportunity and Dana Izdihar funds are long-only (directional) but are not traditional mutual funds. Both are not beholden to a benchmark index and aim to generate positive returns just like hedge funds, except they never short.

Look for performance and other key details for these winning funds in Eurekahedge's Long-Only Absolute Return Fund Directory 2004, Asia-Pacific and Global Emerging Markets Edition, to be published August/September 2003.

Interview with Teng Chee Wai and David Ng