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UPDATE: Master of Values

Value Partners' Cheah Cheng Hye says 2008 was his worst year.

Cheah Cheng Hye acknowledges that 2008 was his worst investment year since he and a partner created Hong Kong–based Value Partners Group some 16 years ago. After recording steady gains following its launch in 1993, Cheah’s flagship Classic Fund plunged by 47.9 percent in 2008 (the Hang Seng index, by

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