(Bloomberg) -- Bear Stearns, the biggest broker for
U.S. hedge funds, signed an agreement to form a joint-venture
asset management company in Saudi Arabia with Zad Investment
Co., a privately-controlled investment company.
Bear Stearns Arabia Asset Management, which will be known
as BSAAM, will provide equity and fixed income investment
services to companies and individuals in Saudi Arabia, the
world's largest oil producer, the company said in an e-mailed
statement today.
Read more at Bloomberg Stocks News
U.S. hedge funds, signed an agreement to form a joint-venture
asset management company in Saudi Arabia with Zad Investment
Co., a privately-controlled investment company.
Bear Stearns Arabia Asset Management, which will be known
as BSAAM, will provide equity and fixed income investment
services to companies and individuals in Saudi Arabia, the
world's largest oil producer, the company said in an e-mailed
statement today.
Read more at Bloomberg Stocks News
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