HK billionaire who is making big bets in gold

For three decades, entrepreneur Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group into a multi-billion 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.