Qatar-based Aventicum Capital acquires new funds from Amwal - Reuters:
Aventicum Capital Management Qatar (ACMQ), part of a joint venture between Credit Suisse and the Qatar Investment Authority, said on Monday it had acquired “selected funds and mandates” from Qatari asset manager Amwal LLC.
The company did not disclose the value of the deal but said in a statement it would “take responsibility for a broad range of Amwal’s managed investment funds in equities and fixed income across active and passive strategies in both conventional and Sharia-compliant products.”
As part of the deal, ACMQ also took ownership of a Doha Bank-sponsored exchange traded fund, the QE index ETF , according to a disclosure made to the Qatar stock exchange on Sunday.
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