Our History
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Tan Teng Boo founded Capital Dynamics in 1988. Since then, he has successfully build Capital Dynamics into Asia’s first global fund manager with operations in Singapore, Sydney, Kuala Lumpur, Hong Kong, Shanghai, with more to come.

Oct 1929

Beginning of the Great Depression

The New York Stock Exchange (NYSE) fell 12.8% in a single day. This crash lasted until 8 July 1932 and wiped out 89% of the value of the companies listed on the NYSE.

Oct 1987

Black Monday

The NYSE performed the unexpected - the Dow Jones Industrial Average crashed 22.6% in a single day. The Kuala Lumpur Stock Exchange crashed 28% in two days.



Capital Dynamics Sdn Bhd (CDSB) is established in Kuala Lumpur Malaysia.


i Capital (print)

CDSB became Malaysia's first independent investment adviser. i Capital, its flagship product in English and Chinese, was launched.

May 1997


Capital Dynamics Asset Management Sdn. Bhd (CDAM) obtained its fund management licence from Malaysia’s Securities Commission.

Jul 1997


Thai Baht plunged, triggering a financial crisis that quickly spread to the rest of the world.

Jul 2002


www.icapital.biz, the internet version of the i Capital investment publication in English and Chinese was launched

Oct 2005

ICAP, 5108

icapital.biz Berhad, a RM140 million closed-end fund was listed on the Main Board of Bursa Malaysia.

This fund is managed by Capital Dynamics Asset Management Sdn Bhd and advised by Capital Dynamics Sdn Bhd.



Capital Dynamics (S) Pte Ltd (CDPL) was established under purview of Monetary Authority of Singapore.

It became the first Asian fund house to invest globally.



The i Capital Global Fund or (ICGF) was launched.

Sep 2008


Capital Dynamics (Australia) Ltd (CDAL) obtained its Australian Financial Services Licence from ASIC and became the first Asian investment house to do so.

Jul 2009


The i Capital International Value Fund (ICIVF) was launched.

Dec 2009


Capital Dynamics Asset Management (HK) Pte Ltd was incorporated.

Jan 2013


CDHK obtained its Type 9 licence from the Hong Kong SFC

Oct 2013


Capital Dynamics got approval for its Shanghai office

Oct 2017


The i Capital China Fund (ICCF) was launched.

What began as an investment advisory firm now also includes the i Capital family of managed funds (listed and unlisted funds) and the iconic i Capital weekly investment publication, delivered to clients all around the world in both print and online editions, in English and Mandarin. Since its inception, Capital Dynamics has achieved superior investment returns.

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  • ICAP F.A.Q.
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our fund manager

Our renowned fund manager Tan Teng Boo

investment strategy

Our unique Bamboo Value Investing approach

our viewpoints

Independence, Intelligence & Integrity

in the media

Tan Teng Boo on RTM (25 Sep 2016)

Malaysia Needs Better Education System