Hong Kong asset manager Value Partners Group posts higher assets under management in the year to 31 December 2013.

Hong Kong-based asset management firm Value Partners Group posted a 23 per cent rise in assets under management for the year to 31 December 2013, from $8.51 billion in 2012 to a record high of $10.49 billion.

The increase was driven by a 57.7 per cent gain in total revenue from HK$561.6 million ($83.91 million) in 2012 to over HK$1 billion, as gross management fees rose 30.8 per cent to HK$603.9 million. Gross performance fees also advanced from HK$112 million in the prior year to HK$317 million. 

In its statement, Value Partners noted that its primary set of fund investors, or those accounting for 73 per cent of its AuM, include institutions, pension funds, high net worth individuals, endowments and foundations, funds-of-funds, family offices and trusts. However, this is down from 78 per cent in 2012. 

Majority of the firm's clients, or 71 per cent of its base, are from Hong Kong, up from 69 per cent in the previous year. Clients from the US account for 11 per cent of its AuM, while those from Europe account for 8 per cent.