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Over US$2b of 1MDB's Cayman funds managed by Aussie firm

Avestra shares several executives with Bridge Global, whose fund 1MDB has invested in
Saturday, November 22, 2014 - 05:50
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Australian firm Avestra Asset Management has been managing over US$2 billion of 1Malaysia Development Bhd's monies invested in several Cayman Islands funds.

Singapore

AUSTRALIAN firm Avestra Asset Management has been managing over US$2 billion of 1Malaysia Development Bhd's monies invested in several Cayman Islands funds.

The Business Times understands that 1MDB's investments via several segregated portfolio companies (SPCs) in the

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