Mubadala makes investment in Phoenician Capital
The investment was made through Mubadala Capital, Mubadala’s financial investment arm
“Phoenician Capital has built a strong international reputation for its value investing strategies, based on a consistent track record of delivering attractive risk-adjusted returns,” said Maxime Franzetti, Head of Public Investments for Mubadala Capital.
John Khabbaz, Phoenician Capital’s managing partner, began developing his value-oriented investment strategy in 2006 while attending Columbia Business School. He has since built an investment firm that invests in global value-oriented, high growth companies. In 2016 and 2017, Phoenician generated net returns of 40.8 per cent and 33.0 per cent, respectively, versus 12.0 per cent and 21.8 per cent for the S&P 500 TR.
“We are honoured to partner with Mubadala as Phoenician expands its institutional base and enters its next phase of growth,” Khabbaz commented. “Our goal remains to invest wisely and create value for our investors.”
