The first half of the year proved to be a good period for
large-sized firms in Asia's alternative fund space. Net profit
at Hong Kong-headquartered Value Partners Group, for instance,
more than doubled to HK$197 million ($25.25 million) during the
period from HK$91.6 million in the same period last year.
The 116.9% increase came from a surge in management and
performance fees collected as the size of assets under
management ballooned. During the six-month period, the size of
the firm's AUM surged to US$8.9 billion from $7.9 billion at
the start of the year, enabling...