All Change as Middle East Gets Out With the Old, In With the New
Solomon Teague, Hedge Funds Review
The Middle East is still better known for its wealthy investors than for its resident hedge fund community, but there are hedge funds operating in the region, hoping to capitalise on proximity to some of the world’s wealthiest investors.
Kevin Birkett, asset and fund management director at the Dubai Financial Services Centre (DIFC) notes there are already two small funds present in the DIFC. Local markets are prohibitive for them: it is not possible to short and although there are some synthetic products available they are not liquid enough to be really appealing to hedge funds.
