Soros Vet Readies Frontier Markets Fund For Launch

Mar 31 2014 | 1:50pm ET

Former Soros Fund Management trader Ahmad Zuaiter has begun fundraising for his new frontier-markets hedge fund.

Zuaiter’s Jadara Capital Partners is expected to launch its maiden hedge fund in May or June, The Wall Street Journal reports. Zuaiter has spent more than a year preparing for that debut, and is now seeking to drum up interest from investors.

Zuaiter said the ideal size for Dubai-based Jadara would be between US$250 million and US$600 million. It is unclear how much the fund will manage at inception.

“Most of the asset management firms, particularly in the DIFC, tend to be asset-gathering focused,” Zuaiter told the Journal. “The predominant funds are the ones that export capital out of here. They’re geared toward gathering assets and then finding a product and putting assets in and selling that product. We’re the opposite, in a sense.”

Jadara will focus on stocks in countries like Argentina, Iraq, Morocco, Nigeria, Pakistan, Vietnam, the United Arab Emirates and Zimbabwe.

“Technology has changed everything, and the rate of globalization has also changed everything,” Zuaiter, who worked at Soros from 2006 through 2011, told the Journal. “It’s much easier for a company in many of our markets to be more integrated globally.”

Also easier: Visiting many of those countries from his Dubai base.

“I was taking to some of the U.S. funds, and it’s pretty much the same from there,” he said. “Argentina is very far from New York—I think it’s nine or 10 hours.”


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.