HK fine could hit Value Partners’ pitch appeal
The Hong Kong fund house has been reprimanded by the local regulator, which may harm its ability to compete on portfolio mandates, said the CIO of a large institutional investor.
Hong Kong's Value Partners has been reprimanded for allowing two of its funds to exceed their authorised share capital – an incident that could harm its ability to compete for institutional mandates.
The city's Securities and Futures Commission said today (January 25) that it had fined the asset manager HK$2 million ($257,818). The firm's China Greenchip Fund and its Greater China High Yield Income Fund had each issued stock that exceeded their authorised share capital levels, sa…
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