Fri, Sep 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

"Huge increase" in investment funds' activity in Gulf region

Friday, July 12, 2013

amb
Phillip Sacks
Benedicte Gravrand, Opalesque Geneva for New Managers:

Participants at the recent Opalesque Gulf Roundtable noted on a "huge increase" in activity among investment funds, including more fund launches from both established and new managers. Nowadays, 80% of new formed funds set up by Gulf-based managers are closed-ended while 20% are open-ended funds, including hedge funds and other funds investing in listed equities. Furthermore, many of the fund launches are quite sizable with $300m+ seed money from key institutions and ultra high-net worth individuals. And a lot of the local capital now tends to stay in the region and fund local funds.

New products are sizable Fred Tabbal, Regional Head of Fund Services for Maples Fund Services in the Middle East, reveals that early last year in the Middle East, he started to see a "significant spike in activity" related to investment funds, especially those that invest in tangible assets.

"We have seen some of the most established managers launch new funds and new products," he says. "The interesting thing is that these new products are sizable. They are not the old $30m to $50m, but we are looking at $300m+, with seed money from key institutions and ultra high-net worth individuals."

This growth is encouraging, he continues, as it comes from both existing and new managers in the region, some of whom tie up with outsid......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  4. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  5. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

 

banner