Press Release
Chilton Investment Company Signs Lease for New Office in Chengdu, PRC
CHILTON INVESTMENT COMPANY SIGNS LEASE
FOR NEW OFFICE IN CHENGDU, PRC
– Reaffirms Chilton’s Commitment To Pursuing Investment Opportunities In Western China –
– Chilton to Create Scholarship Fund For College Students
From Region Affected By Sichuan Earthquake –
New York, New York, August 21, 2008 -- Chilton Investment Company, a leading manager of alternative investments with nearly $8 billion in assets, today announced that it has signed a lease for its office in the city of Chengdu, People’s Republic of China. Chilton shortly will be filing an application with Chinese authorities for permission for its Beijing subsidiary to operate a branch office in Chengdu from the newly leased space. If approved, this office will serve as a central hub for Chilton’s strategy to pursue investment opportunities in Western China – a region the firm believes has tremendous growth potential and is currently underserved by investment specialists.
Chilton also announced today that as a sign of its commitment to investing in and supporting the economic growth of Western China, the firm will create a scholarship fund to support 25 students enrolled at either Sichuan University or Southwestern University of Finance and Economics, both of which are located in Chengdu. The 25 students will each be provided with RMB3,000 a year for four years. The scholarships are intended to provide assistance to students from areas seriously damaged by the Sichuan earthquake and whose families are in very urgent financial need as a result of the earthquake. The scholarships will be administered by a not-for-profit organization that is a recognized leader in supporting projects in China.
“The terrible earthquake that tragically struck Western China earlier this year has only served to strengthen our resolve to help support the economic recovery and expansion of the region by pursuing promising investment opportunities,” said Richard L. Chilton, Jr., Chairman and Chief Executive Officer. “I know from my extensive travel in Western China that there are many high quality companies there that are operating with very little visibility in the investment community and with limited access to capital. The recent turmoil in the region will only make it that much harder for these businesses to receive the attention and funding they deserve.”
As previously announced, Chilton plans to significantly expand its Asian presence over the next several years in order to provide greater research coverage of Asian companies. As part of this strategy, Chilton’s Beijing subsidiary has recently completed construction and staffed its office. Kenneth Chiang, a Managing Director and Head of the firm’s Asian Equities Group, is leading the firm’s Asian expansion strategy and heads up Chilton’s regional headquarters in Hong Kong.
About Chilton Investment Company
Chilton Investment Company, LLC is a global alternative investment management firm with $9 billion in assets. Chilton is headquartered in Stamford, Connecticut with offices in New York, San Francisco, London, Hong Kong and Beijing. The firm is registered with the securities authorities in the U.S., U.K. and Hong Kong. Chairman and Chief Executive Officer Richard L. Chilton, Jr. formed Chilton in 1992 to manage his diversified and concentrated flagship strategies. Since that time Chilton has added additional strategies across various sectors globally and across various products. Please visit ChiltonFunds.com for more information about Chilton Investment Company.
Contact:
Jeffrey Taufield/Michael Freitag
Kekst and Company
212-521-4800
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