clearly explains the significant gap in performance of the both fund. If a person invested in both fund respectively, the CAGR of Berkshire Hathaway’s Share is 11.65% compared against the relative sluggish performance of ICAPITAL.BIZ Berhad’s 0.98% from year 2011 to 2016.

 Comparison of ICAPITAL.BIZ Berhad vs Berkshire Hathaway

As at 31 July Each Year	2016	2015	2014	2013	2012	2011
Berkshire Hathaway ($)	216,000	214,000	188,124	173,900	127,445	111,500
ICAPITAL.BIZ Berhad (RM)	2.29	2.28	2.46	2.40	2.24	2.16

After peruse through several years of ICAPITAL.BIZ Berhad’s annual report, I noticed that the management loves to compare the Fund’s performance against Berkshire Hathaway since both funds are closed-end fund.

The table above clearly explains the significant gap in performance of the both fund. If a person invested in both fund respectively, the CAGR of Berkshire Hathaway’s Share is 11.65% compared against the relative sluggish performance of ICAPITAL.BIZ Berhad’s 0.98% from year 2011 to 2016.

Which means ICAPITAL.BIZ Berhad has not performed at all for the past 6 years. This lead us back to the justification whether the management and advisory fees are commensurate for the poor performance of ICAPITAL.Biz Berhad.

Kindly address this issue and advise the management next course of action in order to improve in the Fund’s performance or reduce the management and advisory fees that reflects the actual performance of the fund.

http://klse.i3investor.com/blogs/kianweiaritcles/104771.jsp