Penang’s own Warren Buffett
Cheah Cheng Hye, alumnus of Penang Free School, has been called the Warren Buffett of the East. Although he claims that gives him way too much credit, the reasons why he is one of Asia’s most respected fund managers are many.
For one thing, Value Partners Group Limited, the asset management company he co-founded in 1993 and in which he is the largest shareholder, is the biggest of its kind in Hong Kong. It is also the first and only one listed on the Hong Kong Stock Exchange. This took place in 2007, and the turbulent times since then have been a great challenge to him personally, since he sets the Group’s overall strategy.
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