Value Partners (asset management)
 | |
| Company type | Public |
|---|---|
| SEHK: 806 | |
| Industry | Investment management |
| Founded | 1993 |
| Founders | Cheah Cheng Hye V-Nee Yeh |
| Headquarters | Hong Kong |
Area served | Worldwide |
Key people | Cheah Cheng Hye (Chairman) June Wong (CEO) |
| AUM | $5.9 billion (as of March 31, 2023) |
| Website | valuepartners-group |
Value Partners Group Limited is a Hong Kong–based asset management company.
History
[edit]The company was founded in 1993 as a boutique firm by the present Chairman & Co-chief investment officer Dato' Seri[1] Cheah Cheng Hye, and businessman Yeh V-nee,[2] a non-official member of the Executive Council of Hong Kong from 2009 to 2012.
Value Partners positions itself as a value investor and adopts value investing strategy for its funds. Headquartered in Hong Kong, Value Partners has offices in Beijing, Shanghai, Shenzhen, Singapore, Kuala Lumpur and London.[3] It has a global client base and is regarded as one of Asia's largest asset management firms[4] by the industry.
Value Partners was listed on the Hong Kong Stock Exchange (Stock code: 806 HK) in November 2007 and it is the first asset management firm listed in Hong Kong.
In 2018, Value Partners was listed among the 200 top-performing public companies on Forbes Asia's "Best Under A Billion list."[5] It dropped off that list in 2019.[5]
Value Partners disposed its 49% equity interests in Goldstate Capital Fund Management Co., Ltd. to a company under Yunnan Jiutian Investment Enterprises Ltd in 2015, for a consideration of RMB45 million.[6]
In 2019, Value Partners launched an investment fund towards China for British and European investors after demands for this service had increased.[7] The move comes one year after an assessment by American asset manager Northern Trust, which found that Asian investment funds find it difficult to compete in the European market.[8] According to the study, Value Partners only sourced $211 million, accounting for just 1.3% of its total assets under management.[8]
In June 2023, GF Securities announced it would acquire a 20.2% stake in Value Partners.[9]
References
[edit]- ^ Management, Created by Javacatz, maintained by Asia Asset. "Cheah Cheng Hye conferred civil honours in Malaysia - Asia Asset Management - The Journal of Investments & Pensions". www.asiaasset.com. Retrieved 2017-03-13.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ "New KL office an emotional homecoming for Value Partners founder". The Edge Markets. 2018-10-24. Retrieved 2019-12-05.
- ^ "Value Partners At A Glance | Value Partners". Value Partners. Retrieved 2017-03-13.
- ^ Rockel, Nick. "Value Partners still largest Hedge Fund in Asia Desprite Losses". Institutional Investor. Retrieved 18 July 2012.
- ^ a b "Value Partners Group on the Forbes Asia's 200 Best Under A Billion List". Forbes. Retrieved 2019-12-05.
- ^ "DISCLOSEABLE TRANSACTION DISPOSAL OF 49% EQUITY INTEREST IN GOLDSTATE CAPITAL". HKEX.
- ^ "Value Partners launches all-China fund for UK investors". www.investmentweek.co.uk. 2019-10-03. Retrieved 2019-12-04.
- ^ a b Adviser, International (2018-10-17). "Asia-based fund groups struggle in Europe". International Adviser. Retrieved 2019-12-04.
- ^ Blott, Thomas (5 June 2023). "Value Partners seals strategic investment from GF Securities". Fund Selector Asia.