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Istithmar buys stake in US asset firm
- United Arab Emirates: Tuesday, April 29 - 2008 at 07:08
Istithmar World Capital, the private equity arm of Istithmar World, has announced that it will acquire a majority stake in Gulf Stream Asset Management, a US-based institutional asset manager. Gulf Stream currently manages approximately $3.8bn of corporate credit portfolios for global institutional investors. The remainder of the business will continue to be owned by Gulf Stream Asset Management's founder and CEO, Mark Mahoney, and his team.
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Jeff Florian, Senior ReporterTuesday, April 29 - 2008 at 07:08 UAE local time (GMT+4)
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