Jul

Hedge Fund York Capital Joins Race for Abraaj Assets

York Capital submits offer for rights to manage Abraaj funds
New York-based Cerberus, Abu Dhabi investor also contenders

Another American bidder is joining the race for the rights to manage a network of emerging-market funds up for grabs in the liquidation of Dubai-based private equity firm Abraaj Group.

New York-based hedge fund York Capital Management, run by Jamie Dinan, is said to have placed a $45 million offer for Abraaj’s asset-management platform, which will give the winner easy access to more than a dozen developing countries across the world where the collapsing company has offices…

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Hedge Fund York Capital Joins Race for Abraaj Assets

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