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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

Anita Gabriel

Published Fri, Nov 21, 2014 · 09:50 PM

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 Cayman Islands called Bridge Global Absolute Return Fund are now managed by Queensland-based Avestra.

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