Thai tycoon leads US$100 Million fund for South-East Asia property

Chatchaval Jiaravanon, part of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds. - PHOTO: VELO LABS via The Straits Times/ANN

BANGKOK: A member of Thailand’s richest family is partnering with a Hong Kong-based asset manager to invest in luxury real estate in South-East Asia.

Chatchaval Jiaravanon, part of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds, the new investment pool managed by Wonder Capital Group.