Jockey Club invests in real estate
Land ho! A leading Hong Kong institution mandates DeutscheÆs RREEF for its first exposure to global real estate.
The Hong Kong Jockey Club has awarded RREEF - which is a Ç51.8 billion real-estate and infrastructure investment specialist owned by Deutsche Bank - a mandate in the range of $100-200 million for a global real estate exposure.
Jacob Tsang, treasurer at the Club, says it is increasing its exposure to alternative investments. The Club was the first institutional investor in Hong Kong to take up funds of hedge funds. ôWithin the alternatives space, there should be other alternatives,ö Tsang...
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