Value Partners, the Hong Kong based manager that offers European investors access to equity, healthcare and emerging market debt strategies among others via its Ucits structure, has moved to open an office in Kuala Lumpur as part of growing its footprint across markets.
Subject to regulatory approval, the new office will serve as a hub for Southeast Asia, for both distribution and product development, and complement the existing Singapore office. In particular, the new office will support quantitative investments such as ETFs and a new business area of Shariah funds.
Michael William Greenall, managing director of Value Partners’ South East Asia Business, will head the new office.
“It will spearhead our plans to manufacture Shariah and Sukuk products for our global client base. Malaysia makes for the perfect Southeast Asian base given its excellent connectivity, rich diversity and cost competitiveness,” he said.
Au King Lun, CEO of Value Partners, added: “The Malaysia office, once approved, will serve as a major platform for us to further strengthen the Value Partners brand and distribution network in Southeast Asia.”
The group announced a 75% increase in interim operating profit when its results were published in mid-August. Gross management fees were up about 30%, while gross performance fees were up about 127%, the Hong Kong listed company reported. As of 31 August, the group reported AUM of $16.6bn.