Ex-Soros Trader Eyes Frontier Markets

Feb 13 2014 | 1:21pm ET

Plummeting stock prices in emerging markets aren't deterring one Soros Fund Management veteran.

Ahmad Zuaiter is readying a frontier markets hedge fund, focusing on countries such as Argentina, Iraq, Morocco, Nigeria, Pakistan, Vietnam, the United Arab Emirates and Zimbabwe. Zuaiter's Jadara Capital Partners will avoid the more established emerging markets, including China, India and Russia.

"This is almost a perfect time to invest in many of these countries because of their accelerating growth and strong fundamentals," Zuaiter told Bloomberg News. "Generally speaking, frontier markets are positioned to grow at a much better rate than emerging markets."

Zuaiter plans to launch his fund in the second quarter. Jadara is based in Dubai, which Zuaiter chose due to its central location and good air connections with the markets he plans to invest in. He added that regulation by the Dubai Financial Services Authority "is also a big attraction."

Zuaiter worked at Soros Fund Management from 2006 through 2011, when firm founder George Soros returned outside capital and turned the firm into a family office. He divided his years at Soros between New York and Istanbul, and formerly worked at Morgan Stanley Investment Management.


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