Sun, Sep 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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L