Daman launches $54m fund

24 February 2010

UAE-based Daman Investments has launched a $54.4m fund focused on investments in the GCC. The Daman Fifth Fund will focus on blue-chip equities listed on GCC exchanges, debt products and commodities. Shehab Gargash, managing director of Daman Investments, said the fund is likely to focus on markets outside the UAE.

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