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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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