KUALA LUMPUR: Datuk Seri Cheah Cheng Hye has opened his Malaysian office – Value Partners Asset Management Malaysia Sdn Bhd – after receiving the approval in principle from the Securities Commission for a Capital Market Services Licence for Fund Management.
“We are opening the office at a time when things can only get better in Malaysia. After decades of sliding, Malaysia can only go up and we want to be part of that growth story,” said Cheah, the chairman and co-chief investment officer of Value Partners Group Ltd in Hong Kong, at the opening of the office here yesterday.
Over the next three to five years, Value Partners Malaysia is looking to have a fund size of between US$150mil and US$200mil. Value Partners Hong Kong had assets under management of US$16.6bil as of Aug 31.