Value Partners is one of Asia’s largest asset management firms, with US$8.6 billion in assets under management as of June this year. In November 2007, it became the first asset management firm to list on the Hong Kong Stock Exchange.
Cheah moves to fund firm
MORGAN Grenfell Asia research director Cheah Cheng Hye has resigned to go into private fund management in a new venture backed by the Yeh family of Hsin Chong Group.
Mr Cheah is managing director of Value Partners, of which he owns 14.5 per cent.
A quarter of the company is held by Hsin Chong executive director Yeh V-Nee, who will also be an executive director of the new company capitalised with $30 million of start-up money.
The company will specialise in smaller capitalised stock institutional fund management on a no-load, pay-on-returns basis.