People moves

Value veteran joins van Biema board

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Teng Ngiek Lian has joined van Biema Value Partners’ board after years of running Target Asset Management  in Singapore.

Lian’s experience as a veteran value investor in Asia will aid van Biema’s Asian fund of funds business. Founded by Michael van Biema in 2004, the firm seeks to build high-quality portfolios of approximately 10 to 20 value-oriented hedge funds with established pedigrees, each typically managing less than $200 million in assets upon initial investment.

Lian recently announced his decision to retire from active management and wind down Target Asset Management , after amassing a 14-year track record. Prior to