This information only applies to the processing timelines for Private Markets & Hedge Funds investments. For information on public market funds, please refer to this FAQ instead.
For Private Markets & Hedge Funds, the time taken for trades to confirm and settle differ from fund to fund.
Generally, Private Markets & Hedge Funds investments take up to 6 weeks from the trade date to finalise their NAV. Thereafter, the fund manager will take an additional 10 business days to calculate the final NAV.
UOB Kay Hian functions as the broker and custodian for these transactions.
What do the different statuses of the Investment Timeline mean for my alternative investments?
Status: "Pending"
As there are insufficient funds in your account, the investment awaits funding and will be processed once you've deposited cash in the relevant currency into your account. Please note that all investment orders that have not been funded by the subscription cut-off date will automatically be cancelled.
Status: "Processing"
The investment is fully funded and will be submitted to the fund house for the appropriate trade date.
Status: "Completing"
The investment has been fully funded and submitted to the fund house. It will remain in this status until the final NAV is calculated and the official contract note is sent to us. This takes about 6 to 8 weeks from the subscription trade date.
Status: "Completed"
The final contract note has been received from the fund house. This note contains all the NAV details of the investment and your investment has now settled fully.
What do the different statuses of the Redemption Timeline mean for my alternative investments?
Status: "Pending"
Your redemption order has been received. We are awaiting the fund's next available redemption window.
Status: "Processing"
The redemption order has been submitted to the fund house for the appropriate trade date.
Status: "Completing"
The redemption's final NAV is calculated and the official contract note is sent to us. This takes about 6 to 8 weeks after the redemption date.
Status: "Completed"
The final contract note has been received from the fund house. This note contains all the NAV details of the investment and your investment has now settled fully.