Monday, 22 December 2014
Last updated 3 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.