Cheah Cheng Hye

Cheah Cheng Hye (Chinese: 謝清海; Jyutping: Ze6 Cing1 Hoi2; Pe̍h-ōe-jī: Chiā Chheng-hái; 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]

In this Chinese name, the family name is Cheah.
Cheah Cheng Hye
Chinese name
Traditional Chinese謝清海
JyutpingZe6 Cing1 Hoi2
Hokkien POJChiā Chheng-hái
Tâi-lôTsiā Tshing-hái

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]

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.[10] 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
  • 2021: Named by Asia Asset Management as one of the Top 25 Leaders over the past 25 years in Asia’s asset management industry.
  • 2018: Value Partners Group was named on Forbes Asia’s "Best Under A Billion". The company’s Chairman and co-founder, Cheah Cheng Hye, talks about how he has grown his business to become one of the region’s top-performing public companies.
  • 2018: Received the "Outstanding figure of Hong Kong Stock Connect" award from Mainland China's Securities Times 证券时报 - a leading financial and securities newspaper ran by the People's Daily.
  • 2017: Appointed as an Independent Non-executive Director of Hong Kong Exchanges and Clearing Limited (“HKEX”).[3]
  • 2016: Conferred Darjah Gemilang Pangkuan Negeri (DGPN) that carries the title “Dato’ Seri" by the government of Penang, Malaysia[7]
  • 2015: Appointed as a member of the Financial services Development Council (FSDC) by the Hong Kong Special Administrative Region Government[4]
  • 2013: Conferred the Darjah Setia Pangkuan Negeri (DSPN) that carries the title "Dato’ " by the government of Penang, Malaysia[14]
  • 2013: Appointed as a member of the New Business Committee of the Financial services Development Council (FSDC)[5]
  • 2013: Received an Honorary Fellowship from the Hong Kong University of Science and Technology for his contribution to the university and society[15]
  • 2011: Awarded "Best of the Best Region Awards - CIO of the Year in Asia" by Asia Asset Management [16]
  • 2009-2010: Named in the top "25 Most Influential People in Asian Hedge Funds" by AsianInvestors[17]

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

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. "Independent Non-executive Director". www.hkexgroup.com. Retrieved 4 May 2017.
  4. "Appointments to FSDC". www.info.gov.hk. Retrieved 19 August 2016.
  5. "Appointments to committees of Financial Services Development Council announced". www.info.gov.hk. Retrieved 19 August 2016.
  6. HKUST. "HKUST Business School - School Advisory Council". www.bm.ust.hk. Archived from the original on 8 July 2016. Retrieved 19 August 2016.
  7. "Cheah Cheng Hye conferred civil honours in Malaysia - Asia Asset Management - The Journal of Investments & Pensions". www.asiaasset.com. Archived from the original on 20 August 2016. Retrieved 19 August 2016.
  8. "The Malaysian Chamber of Commerce - Hong Kong & Macau". www.en-tre.com. Archived from the original on 27 August 2016. Retrieved 19 August 2016.
  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 Archived 28 May 2013 at the Wayback Machine"
  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. "Asia Asset Management 2011 Winners" (PDF). Archived from the original (PDF) on 29 May 2015. Retrieved 7 June 2013.
  17. Rita Raagas De Ramos. "Cheah Cheng-hye Steers Value Partners Through The Crisis", AsianInvestors. 4 May 2009.
  18. "謝清海加碼追 上藥候回調吸". Mingpao. 22 August 2012.
  19. "謝清海自認五十九分，才能邁向一百分". NowNews. January 2012. Archived from the original on 24 June 2013.

Further reading
  • The Value Investors: Lessons from the World’s Top Fund Managers, Ronald Chan, Wiley; 1st edition (11 September 2012), ISBN 978-0-9664461-2-8
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