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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Credit Suisse, Qatar form asset-management venture

Posted on 07 November 2012

Credit Suisse Group will form an asset-management company with Qatar’s sovereign-wealth fund, a deal meant to help the Swiss lender reduce its reliance on investment banking and tap into the wealth of emerging markets, while enhancing the Gulf state’s ambitions to create a financial hub and reduce its dependence on gas exports.
Switzerland’s second-biggest bank by market value, which like most of its rivals is slashing costs as it struggles to recover from the 2008 financial crisis and cope with Europe’s sovereign-debt turmoil, said it is joining forces with Qatar Holding LLC to create Aventicum Capital Management, which will have a hub in Doha and an international center outside of the region………………………………………..Full Article: Source


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