Friday, 27 November 2015
Last updated 2 hours ago
Feb 23 2011 | 7:29am ET
Hong Kong-based RP Capital, an independent property fund manager, will launch an open-ended China physical property fund.
The new vehicle is a Greater China regional fund but will focus mainly on commercial properties, especially retail properties in mainland China.
The fund is open-ended with quarterly liquidity and aims to deliver consistent stable returns with low volatility through direct acquisitions of completed commercial properties with quality tenants in prime locations in major cities in mainland China.
Deutsche Bank AG will act as fund administrator, KPMG as auditor, Walkers as legal advisor, and independent property valuation will be performed by DTZ.
Foreigners investing in commercial properties in mainland China are required to set up an onshore company with specific licenses and permits. RP says it hopes to target investors who wish to diversify their investments into China but do not want to go through the rather complicated process necessary to do so.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…