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Sovereign Wealth Funds Briefing - Categorized | Performance

Bahrain fund expects profit this year

Posted on 01 June 2010

From Thenational.ae: The Bahraini sovereign wealth fund that owns a stake in the car maker McLaren expects to return to profit this year, even as state funds face tighter regulation after the global financial crisis.
Bahrain Mumtalakat Holding, the GCC state’s US$10 billion (Dh36.7bn) fund, suffered losses connected to its stake in the national carrier Gulf Air and a reduction in aluminium prices, affecting its investment in the metal maker Aluminium Bahrain (Alba) last year, said Talal al Zain, the chief executive of Mumtalakat……………………………………….Full Article: Source

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