Value Partners fined for compliance breach

Hong Kong''s SFC pursued the fund manager for not disclosing a stake in Bright International stock.

Value Partners Limited, a Hong Kong-based boutique fund manager known for its high-powered returns on China-related funds and hedge funds, has pleaded guilty to failing to comply with disclosure laws and was fined.

Magistrate Johnny Chan of Hong Kong's Eastern Magistrate fined the firm HK$16,000 $2,060 and ordered it to pay investigation costs of HK$29,225 to the Securities and Futures Commission SFC.

According to an SFC press release The...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: value partners | compliance | hedge funds

Print Edition

FinanceAsia Print Edition