Mubadala posts $1.1b loss due to volatile markets
Mubadala, the Abu Dhabi sovereign wealth fund that counts The Carlyle Group among its investments, announced a loss of AED4.2 billion ($1.14 billion) in 2011, up significantly on the AED338 million deficit posted a year earlier, due to volatile global markets. Its financial services and real estate investments were particularly badly hit.
"While our financial investments' performance was impacted by the volatility in the global market place during 2011, we continue to maintain a long-term financial investment perspective," Khaldoon al Mubarak,...
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