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Wong will be responsible for managing risk management functions across Value Partners’ Hong Kong headquarters and overseas offices.

June Wong, Value Partners’ newly minted president, was previously CEO for Asia Pacific ex-Japan at State Street Global Advisors.

Hong Kong fund manager Value Partners Group’s outlook for the year is bright, with strong demand for its China equity funds, according to some market participants, after the company last week announced better-than-expected profits in 2020. Net profit rose more than three-fold to HK$1.38 billion (US$176.9 million) last year from HK$513 million in 2019, Value Partners said on March 11. There were substantial redemptions from its funds in the first quarter of 2020 when markets plunged as the coronavirus pandemic spread rapidly around the world, but net capital flows recovered strongly in the s...

Hong Kong’s Value Partners has won a £500 million (US$672 million)-plus tender to manage onshore and offshore Chinese equities for UK-based savings and investments firm M&G. The asset manager says it was selected after a "highly-competitive” worldwide search for the mandate, which is part of M&G’s £2 billion-plus of investments in Chinese equities. "The mandate recognises Value Partners’ longstanding strength as a bottom-up stock-picker, and proven track record in China investing," the company says in a statement on December 16. Cheah Cheng Hye, the co-chairman and co-chief investme...