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Arcapita eyes more stable funds business

Posted on 28 April 2010

From Arabianbusiness.com: Bahraini investment house Arcapita plans to build a fund management business to complement its private equity operations after that segment was badly hit by the financial crisis, its chief executive said.

CEO Atif Abdulmalik on Tuesday told Reuters the firm plans to manage $10 billion worth of funds within three years and expects to generate half its revenues from recurrent fees earned on managing these funds…………………………………..Full Article: Source

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