Aberdeen Asset Management Asia has unveiled a new closed-ended property fund of funds (FoFs) for institutional investors. The firm seeks to raise about $300-400 million for the fund to invest in property funds in markets, such as Japan, Australia, Singapore, China and India. The fund will invest across the risk spectrum from core to opportunistic strategies. A team of five Singapore-based professionals led by the head of property Asia Pacific Puay Kang will manage the new vehicle.
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