The time taken for trades to confirm and settle differ from fund to fund.
Generally, private market or hedge funds take up to 6 weeks from trade date to finalise their NAV. Thereafter the fund manager will take an additional 10 business days to calculate the final NAV.
Please note that all orders will be automatically cancelled after their subscription cut-off date.
UOB Kay Hian functions as your broker and custodian.
What do the different statuses of the Investment Timeline mean for my alternative investments?
Status: "Pending"
As there are insufficient funds in your Endowus account, the investment will await funding and will be processed once you've made the relevant cash deposit into your Endowus account.
Status: "Processing"
The investment is fully funded and will be submitted to the fund house on the 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 after the subscription trade date.
Status: "Completed"
The final contract note is received from the fund house. This note contains all the NAV details of the investment.
What do the different statuses of the Redemption Timeline mean for my alternative investments?
Status: "Pending"
Your redemption order is received and we are awaiting the next available redemption window for the fund.
Status: "Processing"
The redemption has been submitted to the fund house.
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 is received from the fund house. This note contains all the NAV details of the investment.