Persian Gulf Investors Set For Big Hedge Fund Move

Feb 17 2010 | 3:07am ET

Institutional investors in the Persian Gulf region are on track to pour billions into hedge funds this year, following similar moves by U.S. investors last year.

Khalid al-Rumaihi, managing director for placement at Bahraini investment bank Investcorp, told a conference in Dubai to expect investors in the region to follow suit, Bloomberg News reports.

“You will have more investments from the Gulf this year,” he said. “We would expect a very good year.”

Middle Eastern and North African investors currently have some US$80 billion to US$120 billion invested in the world’s hedge funds, al-Rumaihi estimated. All told, hedge funds manage in excess of US$1.6 trillion worldwide.

The region is home to some of the largest sovereign wealth funds, including those of Abu Dhabi, Kuwait and Qatar. Investcorp itself manages some US4.5 billion in funds of hedge funds.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...