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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Oman sovereign fund rejects hedge funds as too opaque, expensive

Posted on 25 October 2013

Sovereign wealth funds have flocked to hedge funds in recent years—but not that of Oman. The oil-rich Arabian country’s US$6 billion Oman Investment Fund plans to invest in emerging market stocks and real-estate in stable countries, but won’t be hiring any hedge funds.
In his first interview in at least seven years, OIF CEO Hassan Al Nabhani told Bloomberg News, “hedge funds are not transparent enough in their strategies and the risk they take do not compensate for the returns and the fees they charge.”……………………………………….Full Article: Source


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