Royal Capital launches investment fund

Abu Dhabi-based, privately-owned Royal Capital yesterday said it launched its debut investment fund that targets fixed income markets in the Middle East and North Africa.

The open-ended fund is restricted to institutional investors and high networth individuals with a minimum investment required of $250,000 (Dh918,250).

Royal Capital plans to launch several other funds this year, the statement said. HSBC is the global custodian, registrar and administrator of the fund.