Dubai office to support Ashburton sales in UAE

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Ashburton is to open an office in Dubai to market its long-only funds and hedge funds in the United ...

Ashburton is to open an office in Dubai to market its long-only funds and hedge funds in the United Arab Emirates (UAE). According to Ashburton, it will initially use the establishment of the UAE office, which is not expected to be opened until the end of 2005, to try to sell funds to expatriate investors through intermediaries in the region. Ashburton added that it may sell its funds to local UAE investors in the future after the launch of new funds. Geoff Gavey, a director of FirstRand International Asset Management, which owns Ashburton, said: "We wanted to gain more of a presence ...

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