Assets managed by the Gulf’s roughly 100 asset management companies totalled $26.5 billion, held in some 328 funds, as of December 31, 2011, the Kuwait Financial Centre ( Markaz ) has revealed.
The findings are contained in Markaz ’s new report, titled ‘GCC Asset Management & Investment Banking Survey 2012′, released at the weekend. The report takes an in-depth look at the industry across the GCC in terms of assets under management (AUM), number and types of funds managed, top managers across the various markets, fund costs, benchmarks and performance ranking and a number of other parameters………………………………………..Full Article: Source