Black Pearl Searches For Riches With New MENA-Focused Hedge Fund

Jul 23 2007 | 12:12pm ET

Black Pearl Capital has launched a Middle East and North Africa hedge fund, with target capital of US$250 million.

The Onyx MENA Fund, a Cayman Island-domiciled multi-strategy offering, will be managed by Black Pearl Capital, with the Client Advisory Group of Julius Baer as investment advisor and Merrill Lynch International the as prime broker.

The Onyx MENA Fund has the flexibility to invest in a wide range of instruments, including listed equities, debt securities, options, warrants, and other derivative instruments structured for the MENA markets, according to Black Pearl.

”Onyx MENA Fund will be a trendsetter,” said Eyad Mashal, executive director of Julius Baer CAG. “The Fund is one of the first absolute return/ hedge fund instruments focused on the MENA markets. We are excited to be investment advisors to Black Pearl Capital on this pioneering fund.”


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR