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'
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