For three decades, Datuk Seri Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd. into a multi-billion dollar stock-picking powerhouse.
Now, the former fund manager is putting a massive portion of his personal wealth into gold, and is advising others to do the same. Precious metals make up about a quarter of assets at the $1.4 billion family office through which Cheah manages his riches, according to people familiar with the matter. A year ago, precious metals were about 15% of the family office portfolio.
