Value Partners fined for compliance breach

Hong Kong''s SFC pursued the fund manager for not disclosing a stake in Bright International stock.
April 07, 2004

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 SFC noted that the contravention stemmed from a calculation error on the part of Value Partners Limited. The SFC regards this as the end of the matter and has warned Value Partners Limited about its...

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