UAE: Magellan Capital, an investment manager regulated by the Dubai Financial Services Authority, launched the Magellan Asset Backed Opportunities Fund, registered as a domestic fund. The institutional open-ended vehicle invests in both conventional and Shariah compliant asset-backed facilities across the GCC and Europe. It launched with US$50 million in seed capital and is targeting more than US$250 million in AuM in the medium-term.
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