Sun, Apr 30, 2017
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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob