CHEAH CAPITAL
About Us
WHO WE ARE
Value investing always outperforms in the long run.
To me, the core definition of value investing has never changed. But we must adapt and evolve.
Never stop learning, be honest and have integrity in everything you do
Your reputation is your brand, so take good care of it.
Founded in 2010, Cheah Capital is a fully-owned private company and single-family office dedicated towards the sole stewardship and preservation of the family’s assets.
The Cheah Family Office is based in Hong Kong, the financial hub of Asia, and in 2021 the family office has successfully expanded into Singapore. Owing to our owner’s Malaysian roots, we also have a presence throughout Malaysia – primarily in Penang and Kuala Lumpur. While its expertise lies in the Greater China region, the family’s investments are diversified across all asset classes and industries throughout the globe.
Cheah Capital’s founder, Cheah Cheng Hye is the co-founder of asset management firm Value Partners Group, the only listed asset management firm in Hong Kong. Value Partners is also the recipient of numerous prestigious performance awards.
For over two decades, Value Partners has practiced disciplined value investing and being a contrarian rather than following the herd.
The same investment philosophy and life principles are deeply embedded in the family office's culture and values.
Lifelong learning, discipline and integrity – these are the guiding principles which Cheah Capital operates on.
To grow itself into an institutionalized platform to serve both the professional and personal needs of the Cheah family, Cheah Capital maintains a balanced goal of capital preservation and wealth creation with the support of a group of tightly-knitted and well-trained individuals.
OUR BUSINESS
Philosophy
The family office’s investment philosophy is deeply tied to value investing. We embrace our founders’ value-based approach in our analysis of investments and opportunities, while adapting the evolution of value investing into “quality” value investing that enables us to capture high growth potentials.
We conduct ourselves with a culture of transparency and productivity, with honesty and discipline guiding our every action.
This practice lends weight to our commitment to provide excellence, with kindness overlaying every action.
A huge tenet of our founder’s work ethic has been to always put the client’s needs before ours.
OUR BUSINESS
Strategy and Objectives
INDUSTRY AND GEOGRAPHICAL PREFERENCES
Generally, the Cheah family office adopts an agnostic view towards an investment’s industry and geographical traits. We select appropriate investments based on the family’s short-term and long-term needs, while resisting trends and methods that are not time-tested.
ABOUT
THE FOUNDER
Dato’ Seri Cheah Cheng Hye, MAoF
Dato’ Seri Cheah Cheng Hye is a professional investor and entrepreneur who co-founded and chaired Value Partners Group Ltd., one of the leading asset management firms in Hong Kong. He was in charge of Value Partners’ asset management and business operations from the firm’s founding in February 1993 until January 2025, when he retired with the title of Honorary Chairman, remaining a substantial shareholder and retaining his Board seat.
Since then, Dato’ Seri Cheah has managed Cheah Capital Ltd., a single-family office in Hong Kong and Singapore which he set up to invest his personal assets. Dato’ Seri Cheah is considered one of the leading practitioners of value-investing in Asia and beyond. Value Partners and he personally have received numerous awards- a total of more than 280 professional awards and prizes during the period 1993 to 2024.
Dato’ Seri Cheah has served since 2017 on the Board of Directors of Hong Kong Exchanges and Clearing Ltd, which owns the Hong Kong Stock Exchange and London Metals Exchange. He serves as an Independent Non-Executive Director (INED) and he also chairs the group’s Investment Committee.
Numerous awards were received by Dato’ Seri Cheah personally, including Asia Asset Management’s “Lifetime Achievement Award” in 2023 and a 2021 award as one of the top 25 leaders in the Asian asset management industry over a quarter century. In the Asian Benchmark Survey 2003, Dato’ Seri Cheah was voted “Most Astute Investor” while in 2007, Finance Asia named him “Capital Markets Person of the Year.”
In 2007, Dato’ Seri Cheah led Value Partners to become Hong Kong’s first listed asset management company.
Prior to starting Value Partners, Dato’ Seri Cheah worked at Morgan Grenfell Group in Hong Kong, where, in 1989, he founded the company’s Hong Kong/China equities research department as the Head of Research and proprietary trader for the firm. Prior to this, he was a financial journalist with the Asian Wall Street Journal and Far Eastern Economic Review, where he reported on politics, business and finance across East and Southeast Asia. Dato’ Seri Cheah served for nine years (from 1993 to 2002) on the Board of Directors (as an Independent Non-Executive Director) of Hong Kong-listed JCG Holdings, a leading microfinance company (a subsidiary of Public Bank Malaysia renamed from 2006 as Public Financial Holdings).
Born in Penang, Malaysia, in 1954, Cheah attended the Penang Free School. Leaving school with a high school diploma in 1971, he joined The Star (Malaysia) newspaper as a reporter, subeditor and editorial writer. In 1974, he travelled from Malaysia to Hong Kong and became a journalist with The Standard, HK-TVB News, The Asian Wall Street Journal and the Far Eastern Economic Review.
In August 2016, Cheah was conferred the Darjah Gemilang Pangkuan Negeri (DGPN), one of the highest civil honours granted by the state of Penang, Malaysia. The award carries the title “Dato’ Seri”.
Dato’ Seri Cheah is a member of the Hong Kong University of Science and Technology (“HKUST”) Business School Advisory Council, a Senior Advisor for the Malaysian Chamber of Commerce (Hong Kong and Macau), a member of the Hong Kong Trade Development Council (“HKTDC”) Belt and Road & Greater Bay Area Committee, a member of the HKTDC Mainland Business Advisory Committee, a Fellow of the Hong Kong Management Association and a member of the Hong Kong Academy of Finance (“MAoF”). In 2025, he became a Patron of Our Hong Kong Foundation. Dato’ Seri Cheah also served as an Honorary Advisor for the 2026 edition of the Asian Financial Forum held in Hong Kong.
Join Our Team
If you’re someone who is a highly-skilled problem solver and relishes new challenges, we’d love to hear from you. Please drop us a note at [email protected]