Saturday, 2 July 2016
Last updated 4 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.