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QIA, Credit Suisse to launch money management venture
- Qatar: Tuesday, October 30 - 2012 at 02:49
A unit of Qatar Investment Authority and Credit Suisse Group plan to start a money management joint venture, Bloomberg has reported, citing three people with knowledge of the matter. The unit will be based in Doha and focus on Middle East and North Africa investments, according to one of the people, who asked not to be named and declined to give more details on the venture, citing the sensitivity of the talks. The venture might be announced this year, two people said. It will solicit third-party funds, according to one of the people.
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