Nature does not hurry yet everything is accomplished

- Lao Tzu - 



Inclusif Capital Pte. Ltd is a Singapore-based independent boutique fund management company. It is founded and wholly owned by its principals, who have several decades of combined Asian investing experience. The firm operates as a Registered Fund Management Company with the Monetary Authority of Singapore under the Securities and Futures (Licensing and Conduct of Business) Regulations. The company specialises in the equity markets in the Asia Pacific region and is the Investment Manager of Inclusif Value Fund.



Teh Hooi Ling 

Hooi Ling is the Executive Director and CEO of the company, as well as the Portfolio Manager of Inclusif Value Fund fund. She is overall responsible for implementing the fund’s investment strategy. Prior to setting up Inclusif Capital, Hooi Ling was a founder and partner in another boutique value fund. And before that, she spent more than two decades as a financial journalist in Business Times, the leading business daily in Singapore. As the writer of the Show Me the Money (SMTM) column, Hooi Ling won over many fans with her robust research and insightful analysis of the markets. Many of her analyses had proved prescient and have stood the test of time. Almost all the SMTM articles have been compiled into eight bestselling books. For her work, she was recognised as The Securities Investors Association of Singapore’s Investor Education Journalist in 2009, 2011 and 2013.

Through her years of research and study of the markets, Hooi Ling arrived at a quantitative value investment approach that relentlessly pursues a small edge in many stocks, over a long period of time, through booms and busts, good economies and bad. The cumulative outcome of that investment approach can be outstanding, as can be seen in her previous fund.


In her free time, Hooi Ling believes in giving back to society. She has been involved in non-profit organisations like AWARE and Kampung Senang Charity and Education Foundation. She is currently also a member of the SGX Investor Education Committee. She likes to share ideas on compassion and generosity to make the world a better place for all. Her motto in life is: Be a positive ripple, be an oasis, not a desert.



Lau Seng Hong

Seng Hong is the Executive Director and COO of the company. He has more than 25 years of working experience, of which 20 years are in equities investment. His last position is as a Senior Investment Manager with a large Asian family office. Prior to that he was an Investment Analyst with a bank. Seng Hong graduated with a First Class Honours in Social Science from NUS, majoring in Economics.

Teo Yao Yang

Before joining the Inclusif in 2017, Yao Yang worked in the regulatory department of Singapore Exchange. He holds a Bachelor of Business degree (First Class Honours) from Nanyang Business School. Yao Yang graduated from the University of Chicago Booth School of Business MBA program (Distinction), with specialisations in Accounting, Finance, and Econometrics. He is currently pursuing MSc Financial Engineering degree in Nanyang Business School, Singapore.


To put clients' interest first in helping them to grow their savings over the long term, using proven methods, for assured results.


We run our business and deal with all stakeholders with COMPASSION, INTEGRITY, RESPECT and FAIRNESS.

  • Contribute first, reward comes naturally – “Becoming a millionaire is the side effect of helping a million people (OK, that’s a bit of a stretch! :-)). One’s salary or influence is not an end in itself, but an (imperfect) measure of your contribution to the world.”

  • Success comes from expanding the pie for everyone – It’s not a zero-sum game, it can be win-win for everyone.

  • Interdependence is a source of strength – It’s a way to harness the skills of multiple people for a greater good.

  • This is not a sprint, it’s a marathon – Put in the hours, no short cuts, no easy way out. We are in it together.

  • Be humble

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