| From Khaleejtimes.com: An official of Emirates NBD Group’s investment arm said his company is preparing to launch a third real-estate fund as soon as the negative market sentiment dies down, as he calls for a self-regulating body for fund managers.
“We’ll wait for the market to settle down because the sentiment now is negative,” said Deon Vernooy, the senior executive officer of Emirates Investment Services (EIS) Ltd.“Otherwise investors may pull their money out and wait for stability.” Market conditions have to be conducive for investments and fund managers must be able to convince investors about potential returns before a product is launched, he added, saying the crackdown on corruption has affected investor confidence..... Full Article: Source
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