Hong Kong Jockey Club reportedly sells $1B fund assets at discount to Canada's Dawson Partners

* The Hong Kong Jockey Club is said to have sold $1 billion worth of assets from its fund portfolio at a discount to Toronto-based Dawson Partners.
* The deal marks one of the biggest disposals by an asset allocator in Asia, _Bloomberg News _reported.
* The deal includes investments in funds of Blackstone (NYSE:BX [https://seekingalpha.com/symbol/BX]) and other buyout firms.
* They were sold at a single-digit discount to the portfolio’s net asset value, one of the people said. Jefferies Financial Group reportedly advised on the deal.

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