Tuesday 17 April 2018

Abraaj offers to step down as manager of $1bn healthcare fund

Abraaj offers to step down as manager of $1bn healthcare fund:

"Abraaj has offered to resign as manager of its $1bn healthcare fund as the emerging markets private equity company deals with investors angry about alleged misuse of their money.

The plan seeks to swap Dubai-based Abraaj with an interim manager and then a permanent replacement, people involved in the discussions said. Other options include turning the fund into a company or a self-governing fund.

Abraaj, which has deployed $8bn in its 15-year history, came under fire during the healthcare fund’s annual general meeting with investors in London earlier this month."



'via Blog this'

No comments:

Post a Comment