Persian Gulf Investors Set For Big Hedge Fund Move

Feb 17 2010 | 2:07am 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

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.