Thu, Aug 25, 2016
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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill