Flemings To Manage Mutual Fund In Oman
Flemings, the UK-based investment bank, is to manage and arrange a mutual fund thattargets Omani pension funds. The fund aims to raise $130-260mn from seven state ownedOmani pension funds and other private investors. News of the fund emerged against thebackdrop of state recommendations that pension funds should invest 30% of their assets inequities and amidst criticisms from some brokers who opposed intervention. Mr....