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Sovereign Wealth Funds Briefing - Categorized | Investment, People

Mumtalakat ex-boss says to set up new investment firm

Posted on 01 March 2012

The head of Bahrain’s sovereign wealth fund quit over differences of strategy with the board, disappointed by its lack of deal-making as it focuses on reviving loss-making domestic assets, sources familiar with the matter said.
Talal Al Zain, the urbane former investment banker, told Reuters on Monday he would leave his job as chief executive of Mumtalakat, the $9 billion sovereign fund, to set up a new investment firm in the island kingdom………………………………………..Full Article: Source


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