Cheah Cheng Hye

From Wikipedia, the free encyclopedia

In this Chinese name, the family name is Cheah.

Cheah Cheng Hye (謝清海; born 18 March 1954) is a fund manager and the Co-Chairman and Co-CIO of Value Partners, a Hong Kong-based listed asset management company with a Greater China focus. In 2010, it was the second biggest private fund managing company in the continent.[1] Currently, Cheah and his team manage the flagship equity Classic Fund and other funds of the Group.[2]

Cheah has served as an Independent Non-executive Director of Hong Kong Exchanges and Clearing (“HKEX”) since April 2017.[3] From 2015 to 2018, Cheah was an appointed member of the (FSDC),[4] following a two-year term as a member of the New Business Committee of FSDC since 2013.[5] He is also a member of the Hong Kong University of Science and Technology (HKUST) Business School Advisory Council.[6]

In August 2016, Cheah was conferred Darjah Gemilang Pangkuan Negeri (DGPN), one of the highest civil honours granted by the state of Penang, Malaysia.[7] Dato’ Seri CHEAH is Convenor of Advisory Council and a founding member of the Malaysian Chamber of Commerce (Hong Kong and Macau).[8]

Early life and career[]

Born into an ethnic Chinese family in Penang, Malaysia in 1954, Cheah attended the Penang Free School. After graduation, he joined The Star (Malaysia) newspaper as subeditor and editorial writer.[9] In 1974, he travelled from Malaysia to Hong Kong and later became a financial journalist with the Hong Kong Standard, the Asian Wall Street Journal and the Far Eastern Economic Review.[10]

In 1989, Cheah became head of research and proprietary trader at UK-based brokerage Morgan, Grenfell & Co.. In 1993, Cheah and V-Nee Yeh co-founded Value Partners and started its first investment fund – Value Partners Classic Fund. In 2007, Value Partners became the first value-investing fund management company listed on the Hong Kong Stock Exchange (Stock code: 806 HK).[11]

Proponent of value investing[]

Cheah is a proponent of value investing.[12] While Cheah has been influenced by the value-investing idea that was developed by Columbia Business School professors Benjamin Graham and David Dodd in their text Security Analysis, he adopted the method for Asian markets.[10] In 2010, he was invited by the Heilbrunn Center for Graham and Doddd Investing of the Columbia Business School to give a keynote speech, titled "Value-investing: Making it work in China and Asia", at the annual Graham & Dodd Breakfast.[13]

Recognition[]

  • 2018: Value Partners Group was named on Forbes Asia’s "Best Under A Billion". The company’s Chairman and co-founder, Cheah Cheng Hye, talks about how he has grown his business to become one of the region’s top-performing public companies.
  • 2018: Received the "Outstanding figure of Hong Kong Stock Connect" award from Mainland China's Securities Times 证券时报 - a leading financial and securities newspaper ran by the People's Daily.
  • 2017: Appointed as an Independent Non-executive Director of Hong Kong Exchanges and Clearing Limited (“HKEX”).[3]
  • 2016: Conferred Darjah Gemilang Pangkuan Negeri (DGPN) that carries the title “Dato’ Seri" by the government of Penang, Malaysia[7]
  • 2015: Appointed as a member of the Financial services Development Council (FSDC) by the Hong Kong Special Administrative Region Government[4]
  • 2013: Conferred the Darjah Setia Pangkuan Negeri (DSPN) that carries the title "Dato’ " by the government of Penang, Malaysia[14]
  • 2013: Appointed as a member of the New Business Committee of the Financial services Development Council (FSDC)[5]
  • 2013: Received an Honorary Fellowship from the Hong Kong University of Science and Technology for his contribution to the university and society[15]
  • 2011: Awarded "Best of the Best Region Awards - CIO of the Year in Asia" by Asia Asset Management [16]
  • 2009-2010: Named in the top "25 Most Influential People in Asian Hedge Funds" by AsianInvestors[17]

Cheah has also been given nicknames by the Chinese media including "Goldfinger" (金手指)[18] and "the Warren Buffett of Asia" (亞洲畢菲特).[19]

References[]

  1. ^ Chen, Shu-Ching Jean "Hong Kong's V-Nee Yeh Makes Smart Bets", Forbes, 15 January 2015. Accessed 10 December 2015.
  2. ^ "Cheah Cheng Hye", Citywire
  3. ^ Jump up to: a b "Independent Non-executive Director". www.hkexgroup.com. Retrieved 4 May 2017.
  4. ^ Jump up to: a b "Appointments to FSDC". www.info.gov.hk. Retrieved 19 August 2016.
  5. ^ Jump up to: a b "Appointments to committees of Financial Services Development Council announced". www.info.gov.hk. Retrieved 19 August 2016.
  6. ^ HKUST. "HKUST Business School - School Advisory Council". www.bm.ust.hk. Archived from the original on 8 July 2016. Retrieved 19 August 2016.
  7. ^ Jump up to: a b "Cheah Cheng Hye conferred civil honours in Malaysia - Asia Asset Management - The Journal of Investments & Pensions". www.asiaasset.com. Archived from the original on 20 August 2016. Retrieved 19 August 2016.
  8. ^ "The Malaysian Chamber of Commerce - Hong Kong & Macau". www.en-tre.com. Archived from the original on 27 August 2016. Retrieved 19 August 2016.
  9. ^ Lim Ai Lee. "Former The Star journalist Cheah makes it big in hedge fund management", The Star. 2 October 2011
  10. ^ Jump up to: a b Justin Doebele. "The 'stupid-clever' approach", Forbes.com. 30 September 2002.
  11. ^ "Bloomberg"
  12. ^ Sunny Ng. "Morningstar's Take", Morningstar. 29 August 2012.
  13. ^ "Graham and Dodd Breakfast, The Heilbrunn Center for Graham and Dodd Investing at Columbia Business School Archived 28 May 2013 at the Wayback Machine"
  14. ^ "Pandikar Amin heads honour roll", The Star Online. 26 August 2013.
  15. ^ "HKUST Confers Honorary Fellowships on Four Distinguished Leaders", 27 June 2013
  16. ^ "Asia Asset Management 2011 Winners" (PDF). Archived from the original (PDF) on 29 May 2015. Retrieved 7 June 2013.
  17. ^ Rita Raagas De Ramos. "Cheah Cheng-hye Steers Value Partners Through The Crisis", . 4 May 2009.
  18. ^ "謝清海加碼追 上藥候回調吸". Mingpao. 22 August 2012.
  19. ^ "謝清海自認五十九分，才能邁向一百分". NowNews. January 2012. Archived from the original on 24 June 2013.

Further reading[]

  • The Value Investors: Lessons from the World’s Top Fund Managers, Ronald Chan, Wiley; 1st edition (11 September 2012), ISBN 978-0-9664461-2-8
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