05.03.2015 - Hong Kong's new €25bn sovereign fund to target real estate
Hong Kong’s planned new €25bn sovereign wealth fund could invest 50% of its assets in alternative assets, including real estate and private equity, signaling the arrival of a sizeable and powerful new player on the international property scene. Announced on Tuesday, the vehicle, dubbed the Future Fund, could be set up by year end and be seeded with HK$220bn (€25bn) of funding from the Chinese special administrative region’s existing Land Fund. A panel of advisers has recommended an annual top-up amounting to 25%-33% of Hong Kong’s future budget surpluses as the city plans for population ageing..............................................Full Article: Source
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