Thursday, 2 July 2015
Last updated 10 hours ago
Apr 10 2014 | 12:25pm ET
An investment executive at the Qatar Investment Authority is reported to be planning his own hedge fund.
The man is question is Kamel Maamira, head of the global investment portfolio at Qatar Holding, a branch of the emirate’s sovereign wealth fund. According to the New York Times, he will launch a fundamental value strategy focusing primarily on the Gulf Cooperation Council states: Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Saudi Arabia.
Whether the fund will be a true long/short fund remains to be seen, as the Middle East imposes restrictions on short positions.
Maamira was previously a partner at the Boston Consulting Group.
With assets under management of $170 billion, the Qatar Investment Authority is the world's ninth largest sovereign wealth fund, according to the Sovereign Wealth Fund Institute.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…