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ADCB launches $100 million fund
The investment fund is hoping to attract...
August 3, 2009 4:06 by Aarti Nagraj
Abu Dhabi Commercial Bank (ADCB) has launched a new investment fund which is hoping to attract global institutional and private investors to the UAE market, reports Reuters. The Luxembourg-based fund raise around $100 million in its first year, said Mark Friedenthal, head of fund management at ADCB.
He said the fund would target high-net-worth clients.