Hedge Funds & Alternative Investments
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Global asset manager cuts exposure to UAE markets
BlackRock, the world’s biggest asset manager, has “substantially” cut stock holdings in the UAE on fear of “speculative excess” in the Gulf state’s markets. In a regulatory filing in London, the fund said it had reduced its allocation to the Gulf state in its BlackRock Frontiers Investment Trust to 9.1…
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Click here to read the full story: Arabian Business