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Value Partners explains AUM drop, hires COO and Singapore head

Joe Marsh
Despite asset outflows and a big profit decline in the first half, the Hong Kong fund house is focused on overseas expansion, with the hire of its first group COO and a new Singapore head.
Value Partners explains AUM drop, hires COO and Singapore head

Like many of its peers, Hong Kong-based fund house Value Partners suffered amid choppy markets in the first half of 2016. It recorded a hefty 15% fall in its assets under management to $13.3 billion and an 69% decline in operating profit, to HK$110.4 million ($14.2 million).

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