Hedge Funds & Alternative Investments
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Dubai’s Abraaj said to owe fund investors at least $300m
Troubled Dubai-based private equity firm Abraaj is said to owe investors in one of its funds at least $300m, according to reports. Bloomberg cited a letter from investors as stating the amount owed to investors in the $1.6bn Private Equity Fund IV was nearly triple the$94.6m found under a review…
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Click here to read the full story: Gulf Business