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China’s top developers to set up fund of funds

Posted on 13 April 2012

China’s biggest property developers are pooling money for a real estate fund of funds to seek investment opportunities, according to Noah Holdings.
Evergrande Real Estate Group and Guangzhou R&F Properties are among developers that “expressed a strong interest” in investing in TOP50, a fund of funds being set up by Noah, a New York-listed provider of wealth management services, and E-House (China) Holdings, according to an emailed statement from Noah yesterday. It did not specify the size of the fund………………………………………..Full Article: Source

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