Second-Largest Asian Hedge Fund Manager Turns Big Profit

Mar 26 2008 | 2:00am ET

Asian stocks have taken a beating, but Value Partners Group can hold its head high, even though its own shares are under duress.

The firm, Asia’s second-largest hedge fund manager, said profits soared 66% last year as assets under management rose almost 9% to US$6.2 billion, according to a filing with the Hong Kong Stock Exchange. What’s more, in spite of the fact that value stocks have been running in place in Asia, the firm has continued to add assets this year, managing US$6.5 billion as of the end of February.

Value Partners, which went public in Hong Kong in November, said it turned a HK$1.42 billion (US$182.5 million) profit last year, compared to an HK$856.3 million (US$110.1 million) in 2006. However, the firm’s shares have dropped 39% since its initial public offering.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of