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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...