Pension funds look to invest in hedge funds (Fund News)
Pension funds, family trusts and other investors are expected to invest at least $50bn in hedge funds this year, according to a study by Barclays Capital.
International Petroleum Investment Corp (IPIC), an investment vehicle of the Abu Dhabi royal family, announced plans on Monday night to offload its stake in the British bank, pocketing a large profit less than seven months after making its investment.
Dubai suffered the biggest reversal among global housing markets following the collapse of an investment bubble, according to a report by Knight Frank LLP.