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FINANCIAL NEWS
Mubadala, Mesirow inks investment venture deal
11 Feb 2011
(MENAFN) Mubadala, the investment and development company, said that it inked a deal with the Chicago-based Mesirow Financial to set up a new investment and management joint venture in Abu Dhabi, reported Gulf News.
The Abu Dhabi-based company said that the agreement still needs to be approved and attain some licenses related to investment management firms. After attaining approvals and licenses, the new joint venture plans on focusing on currency and commodity risk management.
Mubadala said that the new company would provide services to clients across the Mena region. The joint venture would offer currency risk management programs and would allow clients to benefit from opportunities to boost returns.
Mubadala added that the new company would be dedicated to advising and managing commodity portfolios focusing on return strategies.
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