HONG KONG, Dec 31, 2015 - (ACN Newswire) - China Everbright Limited ("CEL", stock code: 165.HK) successfully initiated the establishment of a multi-strategy alternative investment fund (FoF Fund). The committed scale of the initial phase of the fund is RMB 5 billion (of which CEL has committed to contributing RMB 1.25 billion from its principal capital). The target scale of the fund is RMB 10 billion, which will be invested in CEL's primary market funds as well as in leading private equity funds that maintain good cooperation with CEL, an excellent market reputation and a strong performance track record.
A multi-strategy alternative investment fund (FoF Fund) can significantly diversify the investment portfolio of institutional investors, alleviating the volatility attributed to similarity in investment portfolios. The successful establishment of the above fund has further diversified the product lines of CEL, enhancing the expansion of assets under management and the investment business and further enlarging the cross-border asset management platform of CEL.
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Topic: Press release summary
Source: China Everbright Ltd
Sectors: Daily Finance
From the Asia Corporate News Network
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