Abu Dhabi's Mubadala reviews equities fund in investment shake-up

Abu Dhabi's Mubadala reviews equities fund in investment shake-up

A Mubadala Development Co. employee pauses near the company's logo at their exhibition booth during the Singapore Airshow in Singapore. Photographer: JONATHAN DRAKE/Bloomberg

Abu Dhabi state investor Mubadala is considering options including the spin-out of an internally managed $500 million public equities fund after a weak performance, two sources said, as the emirate shakes up state entities amid lower oil prices.