China Everbright announced today (June 1) that it would sell a 39% stake in Everbright ALAM, an investment manager specialising in China real estate, to Ashmore Investment Management, a UK-based emerging markets asset manager. Everbright ALAM will be renamed Everbright Ashmore. Ashmore will also inject capital for the second round of fundraising for the real estate fund, which raised over…
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