Performance

Sharp drop in earnings at Value Partners

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Earnings at Hong Kong-based Value Partners, one of Asia’s biggest alternative investment firms, suffered a precipitous decline in the first half of the year after a sharp fall on performance fee revenues.

The company said profits shrank by 55.6% to HK $88.7 million ($11.35 million) in the first half of 2012 from HK $198.7 million ($25.61 million) in the first half of the previous year as gross revenue and fees declined by a wide margin.

The interim results underscored the difficult conditions that many alternative investment firms faced in the region during the past year. The firm did