Value Partners Up 19% Last Year

Jan 26 2011 | 2:38am ET

Hong Kong-based Value Partners Group turned in its second-straight double-digit year in 2010, bringing its return since inception to 39%.

The firm's Credit Fund, which debuted in July 2009, added 19% last year, Bloomberg News reports. The vehicle now manages about US$55 million, up from US$10 million at launch.

"We came out of 2009 where spreads were still very wide and there was a lot of value in all the fixed-income space," senior manager Fawaz Habel told Bloomberg. "Today, we see pockets of value but also pockets of completely no value."

Currently, the firm has its long bets split evenly between high-yield and convertible bonds. In September and October, it was weighted heavily towards the latter, but cut back on both in November. It also began shorting investment-grade and junk bonds.

Value Partners is also increasingly betting on Chinese real-estate companies, Habel said.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...