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.