Thu, Mar 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Why it might be worth betting on Arab markets - Gulfmena

Tuesday, November 17, 2009

Benedicte Gravrand, Opalesque London.

Apparently, there is a change of attitude among Arab investors, especially in retail, as they are becoming more engaged. But, foreign investors, beware: “if you’re not an emerging market investor, forget the Middle-East,” said Dr. Sabah Hamad al-Sabah al-Binali, CIO at Saffar Capital, a PE fund focused on the MENA region, at a seminar in London last week. The compelling factors for the region include strong fundamentals (with oil as a key driver for growth), demographics, liquidity, convergence of markets and value. But “as some parts of the world have no cash and lots of talent, what we have is lots of cash but not talent,” he quipped.

The GDP of the wider Middle East and North Africa (MENA) region is approximately $2.7tn, making it roughly equal to India and Brazil combined, with Saudi Arabia alone at nearly $500bn. With oil to remain key driver of growth, Saffar argues that not only is there greater liquidity in the Middle East but the region is experiencing a convergence of markets, creating a similar situation to Western Europe in the late 1980s. So there is an opportunity for investments that have the ability to marry execution with the local know-how, which in turn creates a value premium.

Foreign investors are coming back to the African and MENA region, said hedge fund manager SilkInvest in ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  5. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his