For subscribers
HK-based billionaire who is making big bets in gold
Sign up now: Get ST's newsletters delivered to your inbox
Mr Cheah said he only bought and never sold any of his gold investments.
PHOTO: VALUE PARTNERS
For three decades, entrepreneur Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group into a multibillion-dollar stock-picking powerhouse.
Now, the former fund manager is putting a massive portion of his personal wealth into gold, and is advising others to do the same. Precious metals make up about a quarter of assets at the US$1.4 billion (S$1.77 billion) family office through which Mr Cheah manages his riches, according to people familiar with the matter. A year ago, precious metals were about 15 per cent of the family office portfolio.
