CDP enters the Middle East

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CANADA / MIDDLE EAST - CDP Capital, the fund management arm of the giant Caisse de dépôt et placement du Québec pension fund, has set up shop in the Middle East and has won a C$616m (US$400m) mandate from the Arab Insurance Group (ARIG).

CDP Capital's presence in the area will be a joint venture between the Canadian fund manager and ARIG. The new business, CDP ARIG, will be based in Bahrain and will cater for institutional clients ...

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