Hong Kong’s first quoted asset manager opens London outpost

Value Partners Group, a Hong Kong-based, Hong Kong Stock Exchange-listed asset manager, has opened an office in the Mayfair district of London and retained an experienced investment industry executive to head it up, as it seeks to expand its distribution across Europe.  

The offices were actually set up towards the end of last year but until now the company hasn’t formally announced their presence, a company spokesperson said.

They’re being headed up by Value Partners’ head of EMEA business development, Hendrik von Ripperda-Cosyn, who came to Value Partners from Mestiq Capital, an Australian investment boutique. Prior to Mestiq, von Ripperda-Cosyn had been head of EMEA distribution for Mirae Asset Global Investments, an arm of South Korea’s Mirae Asset Group.

Martha Reyes, a former Metisq Capital senior analyst who has also managed funds at F&C Asset Management, works alongside von Ripperda-Cosyn in the London office, where she heads up research for Value Partner’s Global Emerging Market equity strategy ex-Asia stocks.

Value Partners Group was founded in 1993, listed on the HKSE in November 2007 (the first asset management firm to do so), and currently looks after around US$16.4bn (£12.4bn, €13.9bn) in assets on behalf of its clients.

It employs more than 200 people globally, in offices that, in addition to London and Hong Kong, are located in Beijing, Shanghai and Singapore.

‘Largest home-grown asset manager in HK’

Au King Lun, chief executive of Value Partners, said that his company was looking to leverage its distinctive position “as the largest home-grown asset manager in Hong Kong bridging investment needs between China and the rest of the world” to be both a provider of investment products to Chinese investors as well as an “expert” provider of “China and Asia investments” to non-Chinese investors around the world.

It has begun to do this over the past two decades, during which it’s built its expertise in such sectors as equities, fixed income, multi-assets and quantitative investment solutions, Dr Lu, who joined Value Partners last December from Eastspring Investments, added.

In Europe, Value Partners plans to focus on developing its range of UCITS funds,  applying some of the company’s existing strategies and employing the fund management skills of Kenny Tjan, Metisq Capital’s former chief investment officer.

Initially these will include Value Partner’s  Greater China and Global Emerging Markets strategies, as well as others already available through Hong Kong, the company said.

In May, press reports said Value Partners’ co-founders – chairman Cheah Cheng Hye, and non-executive honorary chairman Yeh V-Nee – had been approached about a potential sale of a stake in their company, amid suggestions that the prospective buyer was HNA, a major, and recently acquisitive, Chinese conglomerate. Thus far nothing further on this possible deal has been reported.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

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