Group structure
Value Partners - Building a comprehensive range of investment solutions
Value Partners Group Limited is the holding company of seven active investment management businesses: namely Value Partners Limited, Value Partners Hong Kong Limited, Value Partners Private Equity Limited, Sensible Asset Management Limited, Value Partners Investment Services Pte Ltd, Value Partners Consulting Limited and Value Partners Index Services Limited. This page briefly describes the activities of all subsidiaries, to provide an outline of the Group's overall business scope and product development strategy.
Value Partners Group structure


Corporate profile
Value Partners Limited ("VPL")
VPL was established in 1993 and is the Group's flagship investment management business. The subsidiary operates a range of absolute return focused investment funds marketed mainly to sophisticated individual investors. These funds include a core range of absolute return long-biased equity funds authorizedˆ for sale in Hong Kong and a non-authorized long-short strategy hedge fund#. In addition to these products, VPL manages white label funds for financial services providers, such as insurance companies, and provides investment advisory services to institutional clients, including university endowment funds and pension funds.
VPL is licensed under the Hong Kong Securities and Futures Ordinance to carry out regulated activities of dealing in securities, advising on securities, advising on futures contracts and asset management in Hong Kong. It is licensed by the Financial Services Commission in the British Virgin Islands under the Mutual Funds Act, 1996 (as amended). It is a wholly-owned subsidiary of the Group.
For more details of VPL, please visit the company website at www.valuepartners.com.hk.

Value Partners Hong Kong Limited ("VPHK")
VPHK was established in 1999. The subsidiary operates a range of absolute return long-biased equity funds and a property long-short hedge fund#. VPHK also provides management or sub-management services to institutional investors. It is licensed under the Hong Kong Securities and Futures Ordinance to carry out regulated activities of dealing in securities, advising on securities, advising on futures contracts and asset management in Hong Kong. It is a wholly-owned subsidiary of the Group.
For more details of VPHK, please visit the company website at www.valuepartners.com.hk.

Sensible Asset Management Limited ("SAM")
SAM commenced its operations in December 2004 with a view to broaden the Group's equity fund product range. In contrast to the premium, small cap investment funds managed by VPL, the newer subsidiary is creating investment funds that focus on mid to large cap equities and employ different investment techniques, such as quantitative analysis. With an emphasis on more mainstream stocks, the SAM brand of funds are designed for distribution to the wider retail market and have a larger capacity than the traditional Value Partners brand funds.
SAM is licensed under the Hong Kong Securities and Futures Ordinance to carry out regulated activities of advising on securities and asset management in Hong Kong. It is also licensed by the Financial Services Commission in the British Virgin Islands under the Mutual Funds Act, 1996 (as amended). It is a wholly-owned subsidiary of the Group.
For more details of SAM, please visit the company website at www.samfund.com.hk.

Value Partners Private Equity Limited ("VPPE")
VPPE was established in 1998 as vehicle for branching out into private equity investments. The subsidiary is responsible for managing a private equity fund, which invests primarily in unlisted securities.
It is licensed under the Hong Kong Securities and Futures Ordinance to carry out regulated activities of advising on securities and asset management in Hong Kong. It is a wholly-owned subsidiary of the Group.
Have a private equity proposal? Contact us at vppe-enquiry@vppe.com.hk.

Value Partners Investment Services Pte Ltd. ("VPIS")
VPIS was incorporated in Singapore and commenced its operation in 2008. The new sales operation allows the Group to maintain closer contact with its key clients in Singapore and its vicinity, and provides the Group with a platform to extend its sales reach in the South East Asia market. VPIS is a wholly-owned subsidiary of the Group.

Value Partners Consulting Limited ("VPCL")
VPCL is the operating entity of our Shanghai research office. In line with the Group's vision to be a ‘Temple of Value Investing' across Asia Pacific's financial markets, Value Partners has set up a dedicated research office in order to ensure that Value Partners' investment team remains at the forefront of original and incisive investment research and thinking.
The new research office starts operation in September 2009 and is registered under the name of Value Partners Consulting Limited, Shanghai Representative Office. The office is located in Shanghai Pudong.

Value Partners Index Services Limited ("VPISL")
VPISL is a member of Value Partners Group Limited. VPISL utilises the extensive investment experiences of Value Partners Group in the Asia Pacific region, in particular Greater China markets, designing quantitative investment strategies for the creation of investable indices, related index tracking financial products, investment research and performance analysis.
In July 2009, VPISL launched its first index, the FTSE Value-Stocks China Index. VPISL designs and undertakes the value-based quantitative stock screening review of the Index.
For more details of VPISL, please visit the Company website at www.valuepartners-index.com.hk.

ˆ SFC authorization does not imply official recommendation.
# The fund is not authorized by the SFC for marketing to the general public in Hong Kong.