Warburg-Pincus bought a 42% stake in high-yield manager New Flag Asset Management, London, for $6.4 million, said Tom Daly, Warburg spokesman. "New Flag is a focused specialist in an unpopulated marketplace where credit appraising and investment skills will make a real difference to the returns investors receive in this asset class,” said Adam Barron, Warburg vice president.
Warburg-Pincus bought a 42% stake in high-yield manager New Flag Asset...
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