Investors in Abraaj's near $1b Africa Fund seek new manager

Investors in Abraaj's near $1b Africa Fund seek new manager

Pedestrians walk along a roadway back-dropped by commercial and residential buildings in the Sandton district of Johannesburg, South Africa, on Thursday, June 22, 2017. Photographer: Waldo Swiegers/Bloomberg

A group of investors in Abraaj Group’s near-$1 billion sub-Saharan Africa fund are seeking a new manager, potentially complicating a broader sale process for the embattled firm’s asset management unit, according to people familiar with the matter.

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