| From Automatedtrader.net: Earlier in July, that sovereign wealth fund committed MYR400 million ($124.8 million) to Navis Capital to invest, as an outsourced fund manager for a MYR500 million fund with MYR100 million in additional capital commitments, the sovereign wealth fund said in a statement.
Furthermore, Navis has been steadily generating returns. Most recently the firm exited a $31 million investment it made in 2005 when it sold chemical company Linatex Consolidated Holdings Ltd. to Weir Group PLC for $200 million..............................................Full Article: Source
|