Friday, 31 October 2014
Last updated 14 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.