AIMA Looks To Expand To Middle East

Oct 11 2012 | 8:18am ET

The Alternative Investment Management Association, a hedge fund lobby group, is looking to expand to the Middle East.

Sohail Jaffer of FWU Group, a former AIMA chair, will spearhead the effort to create a network for managers and service providers in the Middle East. Jaffer, the current AIMA EMEA regional advisory council member, is based in Dubai.

“There is already a significant hedge fund industry community in the Middle East, both in terms of managers and service providers,” said Jaffer, in a statement. “The region’s authorities are also taking a keen interest in hedge funds and are encouraging the growth of the local asset management industry. And of course many investors in the region either have extensive experience of investing in alternative investments or are looking at increasing their allocations in that area. We look forward to working with investors, policymakers and regulators across the region.”

A series of educational and networking events are planned in the region, with the first one likely to take place next month. An initial AIMA Middle East group meeting has been held in Dubai.

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