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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, People

Abu Dhabi asset manager targets Africa

Posted on 15 November 2012

The fund manager spun out of Abu Dhabi’s sovereign wealth fund is launching an African equities fund together with Moroccan bank Attijariwafa, seeking to take advantage of Africa’s “economic emergence”. Abu Dhabi-based Invest AD has signed a memorandum of understanding with Attijariwafa that will see the two launch an equity fund and help each other source new business.
The firms will jointly seed the African equities fund, which will be co-managed by Invest AD and Attijariwafa’s fund management unit, Wafa Gestion………………………………………..Full Article: Source


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