 | |
| 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.
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]
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments. In 2023, Forbes reported that among hedge funds, D. E. Shaw had delivered the third-highest returns in the world since its inception.
Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, Japan and Singapore. Investcorp’s principal client base is in the six countries of the Gulf Cooperation Council, but it also has a growing base of institutional clients in North America, Europe, and Asia.
Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.
Permira is a British global investment firm specialised in buyout, growth equity and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. As of today, Permira advises funds with total committed capital of €77 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia.
Robeco is an originally Dutch asset management firm, since 2013 part of Orix, founded in 1929 as the Rotterdamsch Beleggings Consortium. As of 2014, the company had €246 billion of assets under management. It was acquired in 2001 by the Rabobank Groep and sold in 2013 to ORIX Corporation.
Ares Management Corporation is a global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 with additional offices across North America, Europe, and Asia.
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V-Nee Yeh is a businessman and was non-official member of the Executive Council of Hong Kong. He graduated from Milton Academy, cum laude '77; Williams College, BA' 81 Phi Beta Kappa, magna cum laude and Columbia Law School, JD 1984, Harlan Fiske Stone Scholar. He is a co-founder and honorary chairman of Value Partners Group Limited, the second largest in Asian based fund manager. He is also the co-founder and chairman of Argyle Street Management, an Asian distressed and special opportunities fund and Cheetah Investment Management Group, which seeds and incubates other funds / fund managers. Vnee Yeh is also the past chairman of Hsin Chong Construction, a company founded by his grandfather, until he sold the controlling interest to The Mission Hills Group in 2007. Yeh is also a trustee of Milton Academy, Massachusetts.
MatlinPatterson is a distressed securities fund that participates in distressed and credit opportunities on a global basis. The firm was established in 2002 as a spinout from Credit Suisse First Boston. It is headquartered in New York City and has offices in London and Hong Kong. MatlinPatterson was founded by David Matlin and Mark Patterson. MatlinPatterson, through MatlinPatterson Global Advisers, manages private equity vehicles with a distressed-for-control mandate as well as an open-ended strategy seeking non-control credit investment opportunities.
Conning is a global investment management firm serving the insurance industry. Conning supports institutional investors, including pension plans, with investment and asset management products, risk modeling software, and industry research. Founded in 1912, Conning has offices in Boston, Cologne, Hartford, Hong Kong, London, New York and Tokyo.
Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions. This name was chosen due to the markets that Samena invests in. These are the Indian Subcontinent, Asia, Middle East and North Africa – a region collectively known as SAMENA. Also in ancient Buddhist script, Samena means "together" or "collective", which reflects the collective investment model the company is based on. The company and its subsidiaries employ 26 people in 3 locations worldwide, and has 48 shareholders.
Cheah Cheng Hye is a fund manager and the Co-Chairman and Co-CIO of Value Partners, a Hong Kong-based listed asset management company with a Greater China focus. In 2010, it was the second biggest private fund managing company in the continent. Currently, Cheah and his team manage the flagship equity Classic Fund and other funds of the Group.
Asia Frontier Capital Ltd. is an investment company created by a management buyout of Leopard Capital by the former CFO and COO, Thomas Hugger, at the end of May 2013. Leopard Capital Management Ltd. was subsequently renamed Asia Frontier Capital Ltd. The group manages the AFC Asia Frontier Fund, AFC Iraq Fund, AFC Uzbekistan Fund, and AFC Vietnam Fund. All funds are open-end funds under the AFC Umbrella fund for US investors or AFC Umbrella fund (non-US) for investors outside from the US. Investors can subscribe or redeem the funds monthly at net asset value.
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Hillhouse Investment is a global private equity firm with an East Asian heritage. Hillhouse was founded by Lei Zhang in 2005 with initial seed capital from the Yale University endowment and invests across East Asia, Southeast Asia, North America, and Europe. Hillhouse has Asian offices in Singapore, Hong Kong, Beijing and Shanghai with additional international offices in New York City and London.
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BPEA EQT is an Asian investment firm headquartered in Hong Kong. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022, it was acquired by EQT Partners to act as its Asian investment platform. BPEA EQT is one of the largest private equity firms in Asia.
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Fiera Capital Corporation (Fiera) is a Canadian asset management company headquartered in Montreal, Quebec. The company has expanded through a series of acquisitions. It invests in multiple asset classes which are in both public and private markets although the majority of its assets are in public markets. North America is its biggest region with the majority of its investments being in Canada and the United States.
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