The Coffee Break | Grow Smarter Daily

Boustead parent LTAT undergoes strategic revamp Lembaga Tabung Angkatan Tentera (LTAT) launched a multi-year strategy, Strategic Plan 2023-25, with aims of: 1. raising its assets under management (AUM) from RM9.3 bil (May23) to RM15 bil 2. Sustained 5% returns to members 3. Recovering RM3 bil cost of investment in troubled Boustead related businesses Boustead-related investments accounts for 39% of its current assets - the fund wants to reduce the concentration down to 15% by 2025. Boustead Holdings was recently privatised at a cost of RM703.2 mil. The co might be relisted again. Asset allocation pre & post strategy Private equity: 19% -> 12% Real estate: 20% -> 10% Public equities: 11% -> 38% (up by more than 3x!) Fixed income/money markets: 11% -> 25% ** Biz and political news made easy and fun to read via The Coffee Break newsletter. Gain the edge and knowledge to avoid making investment mistakes, like (fill in the blanks). Join >10k Malaysians who read The Coffee Break and grow smarter daily. Subscribe for free: thecoffeebreak.co/?ref=LTAT ** LTAT is a major shareholder in some of these listed cos (market cap): Affin Bank (RM4.36 bil) Boustead Heavy Industries Corp (RM91.9 mil) Boustead Plantation (RM2.17 bil) Pharmaniaga (RM504.4 mil) LTAT background There’s EPF for most of us. And there’s LTAT to manage pension funds for the armed forces. It has a total of 116,456 members. Contributors are required to contribute 10% of their monthly salary, whilst employer (ie. govt) contributes 15% Link: LTAT Strategic Revamp theedgemalaysia.com/node/674…