everbright successfully launched everbright dynamic bond fund and completed fundraising of usd30m
business related 18 feb 2013
8 february 2013 – china everbright limited (“everbright”) announced it had successfullyraised usd 30 million for its everbright dynamic bond fund (the “fund”) after 2 rounds ofoffering. usd 4 million was from everbright’s internal seed capital while the rest weresourced from external professional investors.
issued in hong kong, everbright dynamic bond fund was a company incorporated withlimited liability in cayman islands as an open-ended fund which targeted professionalinvestors with usd assets. china everbright assets management limited, everbright’ssecondary market investment division, was appointed as the fund’s investment advisor;while noah’s holdings (hong kong) limited, was appointed as the fund’s principaldistributor. the fund was launched and commenced its operation since 8 december 2012.it had completed its second round of fundraising on 8 february 2013.
the fund seeks investment opportunities primarily in fixed income securities issued bycorporates with substantial business operations in mainland china, hong kong, macau orother asian countries. such fixed income securities can include but not limited toinvestment-grade bonds, high yield bonds and convertible bonds. china everbright assetsmanagement limited, one of the major pillars of everbright’s cross-border assetmanagement platform, will fully utilize everbright’s core strengths to achieve optimalresults for the benefit of the fund’s investors.
everbright’s profound experience in offshore investments, stringent risk managementsystem and sophisticated investment team, which has extensive knowledge about localenterprises as well as international markets, have engendered substantial investorconfidence since the group was established in 1997. everbright is committed to developinga cross-border asset management platform with a solid foundation in hong kong. as at theend of 2012, everbright managed a total of 14 funds with assets under management overhk$24 billion.
issued in hong kong, everbright dynamic bond fund was a company incorporated withlimited liability in cayman islands as an open-ended fund which targeted professionalinvestors with usd assets. china everbright assets management limited, everbright’ssecondary market investment division, was appointed as the fund’s investment advisor;while noah’s holdings (hong kong) limited, was appointed as the fund’s principaldistributor. the fund was launched and commenced its operation since 8 december 2012.it had completed its second round of fundraising on 8 february 2013.
the fund seeks investment opportunities primarily in fixed income securities issued bycorporates with substantial business operations in mainland china, hong kong, macau orother asian countries. such fixed income securities can include but not limited toinvestment-grade bonds, high yield bonds and convertible bonds. china everbright assetsmanagement limited, one of the major pillars of everbright’s cross-border assetmanagement platform, will fully utilize everbright’s core strengths to achieve optimalresults for the benefit of the fund’s investors.
everbright’s profound experience in offshore investments, stringent risk managementsystem and sophisticated investment team, which has extensive knowledge about localenterprises as well as international markets, have engendered substantial investorconfidence since the group was established in 1997. everbright is committed to developinga cross-border asset management platform with a solid foundation in hong kong. as at theend of 2012, everbright managed a total of 14 funds with assets under management overhk$24 billion.
