Value Partners assets soar to $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 2010, was mostly due to the jump in new subscriptions for existing funds. A spokeswoman for the firm said that 95% of the $8.6 billion assets are parked in what it would describe as absolute return long-only funds, while only 2% are in pure hedge funds.

The group has also brought in a