Cheah Cheng Hye Explained

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T:謝清海
Poj:Chiā Chheng-hái
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J:Ze6 Cing1 Hoi2

Cheah Cheng Hye (; 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 Financial Services Development Council (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] a member of the Hong Kong Trade Development Council Belt and Road & Greater Bay Area Committee, a Fellow of the Hong Kong Management Association and a member of the Hong Kong Academy of Finance (“MAoF”).

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]

In 2023, Dato’ Seri CHEAH won Asia Asset Management’s “2023 Best of the Best Award – Lifetime Achievement Award.” This award recognizes his outstanding contributions to the industry for over 35 years.

Dato' Seri Cheah Cheng Hye was ranked as the 2,692nd richest person on the Forbes World's Billionaires List in 2024, with a net worth of US$1 billion as of 2 April 2024.

In 2024, Dato' Seri Cheah ranked No. 20 on Malaysia's 50 Richest List published by Forbes. He has been on the Malaysian list continuously since 2019.

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. 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

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

Further reading

Notes and 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. Web site: Independent Non-executive Director. www.hkexgroup.com. en. 2017-05-04.
  4. Web site: Appointments to FSDC. www.info.gov.hk. 2016-08-19.
  5. Web site: Appointments to committees of Financial Services Development Council announced. www.info.gov.hk. 2016-08-19.
  6. Web site: HKUST Business School - School Advisory Council. HKUST. www.bm.ust.hk. 2016-08-19. dead. https://web.archive.org/web/20160708234447/http://www.bm.ust.hk/web/en-US/Pages/school-advisory-council. 8 July 2016. dmy-all.
  7. Web site: Cheah Cheng Hye conferred civil honours in Malaysia - Asia Asset Management - The Journal of Investments & Pensions. www.asiaasset.com. 2016-08-19. https://web.archive.org/web/20160820011055/http://www.asiaasset.com/news/VP_DGPN_SG1608_FS_DM.aspx. 20 August 2016. dead.
  8. Web site: The Malaysian Chamber of Commerce - Hong Kong & Macau. www.en-tre.com. 2016-08-19. https://web.archive.org/web/20160827175634/http://www.en-tre.com/mcchkm/about-exco.html. 27 August 2016. dead.
  9. Lim Ai Lee. "Former The Star journalist Cheah makes it big in hedge fund management", The Star. 2 October 2011
  10. 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 "
  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. Web site: Asia Asset Management 2011 Winners . 7 June 2013 . https://web.archive.org/web/20150529020650/http://www.citigroup.com/transactionservices/home/about_us/awards/docs/aam_bestofthebest.pdf . 29 May 2015 . dead .
  17. Rita Raagas De Ramos. "Cheah Cheng-hye Steers Value Partners Through The Crisis", AsianInvestors. 4 May 2009.
  18. Web site: 謝清海加碼追 上藥候回調吸 . 22 August 2012 . Mingpao.
  19. Web site: 謝清海自認五十九分，才能邁向一百分. January 2012. NowNews. dead. https://archive.today/20130624225443/http://mag.nownews.com/article.php?mag=1-31-10136. 24 June 2013. dmy-all.

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