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 SFC noted that the contravention stemm…
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