SHANGHAI, Nov. 7, 2016 /PRNewswire/ -- Noah Holdings
Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth
and asset management service provider with a focus on global
services for high net worth individuals and enterprises in
China, is pleased to announce that
Gopher Asset Management ("Gopher"), the asset management subsidiary
of Noah, is the winner of three annual awards in the 2016 China
Private Equity Funds Rankings. Gopher was ranked No.1 in the
Best Fund of Funds, the Most Active Fund of Funds and the Best
Market-Oriented Fund of Funds categories.
Gopher was founded in March 2010
and has become one of the leading alternative asset managers in
China, specializing in
fund-of-funds management in the private equity, real estate, hedge
funds, credit products and family office businesses. As of
June 30, 2016, Gopher's total assets
under management, or AUM, reached RMB101.2
billion.
The China Private Equity Funds Rankings are one of the most
prestigious and comprehensive of their kind for the private equity
industry in China. The awards
recognize excellence in investment track records, team-building
efforts, fund-raising initiatives and risk management capabilities
among the private equity funds and private equity funds of funds in
China. The candidates for each
award are recommended and scored by the members of the China Fund
of Funds Association and the screening and ranking process is under
the full supervision of a government body within the Ministry of
Science and Technology, which supports innovative industries in
China.
"Asset management is a business that is of extremely high
strategic importance to Noah. We are very grateful for the
recognitions and will continue to build our strength for
sustainable growth," commented Mr. Kenny
Lam, Group President of Noah.
"As one of China's leading
private equity funds of funds, we are serving the rapidly rising
needs of high net worth clients and institutional investors. This
is a fast growing sector and we are strengthening our capabilities
to ensure we can continue to be a pioneer and a leader in the
industry," added Mr. Zhe Yin, Co-founder of Noah and Chief Executive
Officer of Gopher.
ABOUT NOAH HOLDINGS LIMITED
Founded in 2005, Noah Holdings Limited (NYSE: NOAH) is a leading
wealth and asset management services provider with a focus on
global services for high net worth individuals and enterprises in
China. In the second quarter of
2016, Noah distributed over RMB27.7
billion (US$4.2 billion) of
wealth management products. As of June 30,
2016, Noah had assets under management of RMB101.2 billion (US$15.2
billion).
Noah distributes a wide array of wealth management products,
including fixed income products, private equity fund products,
mutual fund products and insurance products. Noah also develops and
manages financial products denominated in both domestic (RMB) and
foreign currencies, including real estate funds and real estate
funds of funds, private equity funds of funds, secondary market
equity funds of funds and fixed income funds of funds through
Gopher Asset Management. In addition, in 2014, the Company launched
a proprietary internet finance platform to provide financial
products and services to aspiring high net worth individuals and
enterprise clients in China. Noah
delivers customized financial solutions to clients through a
network of 1,093 relationship managers across 175 branches and
sub-branches in 68 cities in China, and serves the international investment
needs of its clients through a wholly owned subsidiary in
Hong Kong. The Company's wealth
management business had 114,870 registered clients as of
June 30, 2016.
For more information please visit Noah at
ir.noahwm.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, quotations from management in this announcement, as
well as Noah's strategic and operational plans, contain
forward-looking statements. Noah may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Noah's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
Noah's actual results to differ materially from those contained in
any forward-looking statement, including but not limited to the
following: its goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the wealth management market in China and internationally; the expansion of
its business into the United
States; its expectations regarding demand for and market
acceptance of the products it distributes; its expectations
regarding keeping and strengthening its relationships with key
clients; relevant government policies and regulations relating to
its industry; its ability to attract and retain qualified
employees; its ability to stay abreast of market trends and
technological advances; its plans to invest in research and
development to enhance its product choices and service offerings;
competition in its industry in China and internationally; general economic
and business conditions in China;
and its ability to effectively protect its intellectual property
rights and not to infringe on the intellectual property rights of
others. Further information regarding these and other risks is
included in Noah's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F. All
information provided in this press release and in the attachments
is as of the date of this press release, and Noah does not
undertake any obligation to update any such information, including
forward-looking statements, as a result of new information, future
events or otherwise, except as required under the applicable
law.
Contacts:
Noah Holdings Limited
Steve Zeng
Noah Holdings Limited
Tel: +86-21-8035-9221
ir@noahwm.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/gopher-ranked-no-1-among-funds-of-funds-in-china-300358247.html
SOURCE Noah Holdings Limited