In a HedgeCo story, Trump Organization USA announced plans to launch a $1 billion hedge fund to invest in Indian real estate. Donald Trump Jr.'s interest in the Indian real estate market was sparked in 2007 when he visited the subcontinent for the Cityscape real-estate conference in Mumbai.

"We feel it is now time to invest in Indian realty projects as the quality has moved up and we see emergence of some high-end developers with a product level that will support our brand," Trump Jr. said.

Trump announced in late July that he intends to set up a hedge fund worth up to $1 billion to invest in Indian real estate, the privately held fund would initially target property in Mumbai.

Thirty year-old Trump did not give specific details about the fund, such as how he plans to raise the money, or where the first investment would be made. But in an interview with Bloomberg LP, he did say that it would start conservatively and expand as the opportunities presented themselves.