Value Partners soars to total assets of $8.6 billion


Total assets under management at Hong Kong-based Value Partners have surged to $8.6 billion in the first quarter of this year highlighting the rapid growth of Asia-based alternative investment companies.

The 50.8% jump in assets from its $5.7 billion figure at the end of March last year was mostly due to the jump in new subscriptions for existing funds.

The group, which gained a new co-CEO this year through Michael Coorey, who now works with co-CEO Jimmy S L Chan, was established in 1993, and runs a range of absolute return long-biased equity investment funds authorised by Hong