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Aventicum Capital Management to takeover funds owned by Qatari wealth manager

Aventicum Capital Management said its Qatari unit, Aventicum Capital Management (Qatar) LLC, agreed to takeover the management responsibility of selected funds and mandates owned by local asset manager Amwal LLC.

The deal encompasses passive and active investment funds in equities and fixed income in both conventional and Sharia-compliant products. They will be available to local, regional and international investors, the company said in its statement.

Aventicum is the asset management joint venture owned by Credit Suisse Group AG and sovereign wealth fund Qatar Investment Authority.