Mubadala buys stake in New York-based Phoenician Capital - The National:
"Mubadala Investment Company, Abu Dhabi’s state-run strategic investment firm that has over $200 billion in assets, acquired an undisclosed minority stake in Phoenician Capital, a New York-based investment management company. The purchase, the financial terms of which weren’t disclosed, was made through Mubadala Capital, Mubadala’s financial investment arm. “Phoenician Capital has built a strong international reputation for its value investing strategies, based on a consistent track record of delivering attractive risk adjusted returns,” said Maxime Franzetti, head of public investments for Mubadala Capital."
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