21.04.2009 - Middle East share of hedge fund assets to rise 30% to US$194 billion by 2013
From Bi-me.com: A new global study of institutional investors, investment consultants and hedge funds released today by The Bank of New York Mellon and Casey, Quirk & Associates highlights the role of oil prices and high net worth investors in the continued growth in hedge fund investment across the Middle East region. The Middle East has not been a major source of outflows over 2008-2009, accounting for less than 3% of total global outflows. Redemptions were concentrated in the high-net-worth segments, both family offices and bank platforms.....Full Article: Source