Abraaj Group, a Dubai-based firm at the centre of an investigation into claims of missing funds, may cut its workforce as lenders and investors review their relationship with the firm and efforts to raise a $6bn fund stall, FN's sister publication Private Equity Newsreports.
The staff cuts under consideration are part of a wider reorganisation of Abraaj’s fund management unit under the division’s two new chief executives, people familiar with the matter said.
