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

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...