Ashmore takes a leap into Chinese property

London firm dismisses bubble talk and targets interior cities, not coast

Ashmore Investment Management, the London-based emerging-markets investor, has defied fears of a bust in China's real estate markets by snapping up a minority stake in a Hong Kong-listed property manager.

Ashmore has taken a 39% stake in Everbright ALAM, a real-estate fund manager jointly-owned by China Everbright, a Chinese financial conglomerate, and RSQI, a property manager. Everbright ALAM currently manages about $210m (€173.1m) in a single fund, with a second round of fundraising due.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It