• HSBC

Gulf Stream expands operations

  • United Arab Emirates: Wednesday, December 10 - 2008 at 14:31

Gulf Stream Asset Management, a US-based institutional asset manager that is majority owned by Istithmar World Capital, today announced the expansion of its portfolio strategies by establishing a credit dislocation fund and a multi-strategy credit hedge fund, the company said in a press statement. The move is part of Gulf Stream's aggressive expansion strategy to capitalise on current market opportunities. To further support the firm's growth, Gulf Stream has also opened a New York City office, the statement added. Earlier this year, Istithmar World Capital, the private equity and alternative investment arm of Istithmar World, acquired a majority stake in Gulf Stream.

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