Trophy’s woes seen as ending without drama
Once a landmark China fund by the heads of Winnington Capital and Shui On Land, the soap opera tale of Trophy Property will have a pragmatic end, says its manager.
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The problems that beset Trophy Property Development Fund – once a landmark China-focused PE vehicle – were not surprising, with investors informed they are unlikely to see a return on investment, says real estate private equity veteran Philip Mintz.
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