Successful investment companies are built on the foundation of clear thinking, intellectual honesty, even temperament and teamwork. This can be achieved only when passionate, capable and rational people with unquestionable integrity come together to work in a meritocratic environment.

Managing Director
Managing Partner
Chief Operating Officer
Investment Analyst
Investment Analyst
Investment Analyst
Investor Relations
Operations & Compliance
Investor Communications
Consulting Analyst

No organization is built without careful guidance and mentoring of several individuals. Malabar has been blessed to have a distinguished board that has been guiding it since its inception. Malabar Investments’ board members include:


Ms. Icy WONG serves a dual role as Chief Financial Officer and Chief Administrative Officer of Value Partners Group. She leads the Group’s financial and administrative functions, and is also responsible for the Group’s investor relations. Ms. WONG has broad experience in the asset management industry, particularly with regard to financial and operational management. She first joined Value Partners in 2008 as a Finance Manager and was promoted over the years to oversee the finance division. She was appointed Chief Financial Officer in 2017 and was promoted to Chief Financial Officer and Chief Administrative Officer in May 2020. Prior to joining Value Partners, Ms. WONG worked at Ernst & Young and PricewaterhouseCoopers, covering the assurance and advisory business service. Ms. WONG graduated with a Bachelor’s degree in Commerce, Accounting and Finance from the University of New South Wales in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and a holder of Financial Risk Manager(“FRM”).

Steven Leischner

Mr. Leischner has been a principal of Holding Capital Group (HCG) since 1983. He is currently the CFO of various HCG related entities and oversees HCG’s finance, accounting, administration and recruiting. He is an officer and board member of several of HCG’s portfolio companies and is active in managing HCG’s investments. From 1980 through 1983, he was a senior accountant at a national accounting firm. Mr. Leischner received his BS (cum laude) in Accounting and Business Administration from Wagner College and achieved his CPA certification in 1982.

Ravi Nanwani

Mr. Nanwani is a lawyer and former investment banker. Ravi has been Chief Executive Officer of Greenway North in New York for the past three years. In this role, he works with global companies to provide strategies to improve all aspects of business, from customer service to day-to-day operations. Ravi previously worked as an analyst for Bank of America Merrill Lynch in New York. He earned a law degree from Columbia Law School, and his Finance degree from New York University's Stern School of Business.

Carl Oppenheimer

Mr. Oppenheimer is Managing Partner of Oppenheimer + Close, a registered investment advisory firm. Before joining Oppenheimer + Close, Mr. Oppenheimer was a Principal at Milestone Venture Partners. Prior to Milestone, Mr. Oppenheimer was a Manager in the Business Development group of Sears, Roebuck and Company and focused on strategic M&A transactions. In April 2010 Mr. Oppenheimer was elected to the FINRA District 10 Committee. Mr. Oppenheimer received a B.A. from St. Lawrence University and an MBA from the University of Chicago.

We are privileged to have the following Board of Advisors who have mentored us from early days:


David Broser

Mr. Broser has been President of RDA Ventures, LLC since 1993. Mr. Broser has helped RDA invest in over 30 companies in a variety of industries. Over the past few years, Mr. Broser has also helped RDA provide strategic capital to select hedge funds. Mr. Broser received his JD from Boston University and BBA from University of Michigan.

James W. Donaghy

Mr. Donaghy joined Holding Capital Group (HCG) in 1978. In addition to being an owner and an officer of Holding Capital Group companies, he serves as President of HCG’s primary investment entities and President of Holding Capital Asset Management, LLC. Prior to joining HCG, Mr. Donaghy also served in the tax and audit departments of Arthur Andersen & Co. from 1974 to 1976. Mr. Donaghy holds an MBA, is a CPA, and served in the U.S. Marine Corps from 1968 to 1972.

Our Board members come from the following institutions, some of whom have partnered with us since inception:

RDA Ventures, LLC (“RDA”)

RDA provides strategic capital to select fund managers who have the ability to consistently identify and capitalize on investment opportunities. RDA has sourced over 50 hedge fund managers, and has incubated and seeded two funds, one of which has grown from $7 million in 1999 to over $2.5 billion today.

Holding Capital Asset Management, LLC (“HCAM”)

HCAM is an affiliate of Holding Capital Group (“HCG”). Founded in 1975, HCG is a private equity investment and international money management firm. The money management group has a focus that is twofold: to create attractive investment results in existing funds; and through HCAM, to seed and propagate sound money managers across the globe. HCAM or its affiliates is the manager or GP of several operating funds.

Oppenheimer + Close, LLC (“Oppenheimer + Close”)

Founded in 1984, Oppenheimer + Close, Inc. is a registered investment advisory firm based in New York City and manages assets for individuals, pension funds, family charitable trusts and foundations. Oppenheimer + Close, through its affiliates, is also the general partner and advisor for three domestic partnerships and an offshore investment company, each of which have provided superior risk adjusted results. Principals at Oppenheimer + Close are long-term, value investors and conduct all of their investment research internally.

Value Partners Limited (“VP”)

Value Partners is an independent, value-oriented asset management group with a focus on Greater China and the Asia-Pacific Region. Value Partners’ business was founded in 1993. The unaudited assets under management of Value Partners and its subsidiaries are at over $15 billion today

Welcome to Malabar

Malabar Investments has established this Site to provide information about their respective investment advisory activities. The Companies listed on the Site, comprising material investments (as explained in Terms and Conditions) by funds advised by one or more of Malabar Investments, do not constitute investment advice. You should rely solely on your own investigations regarding any investment opportunity and should seek competent professional advice.