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Gulfmena launches absolute return fund
- United Arab Emirates: Tuesday, October 13 - 2009 at 11:05
Dubai-based Gulfmena Alternative Investments has announced the launch of an absolute return hedge fund focusing on equity markets in the Middle East and North Africa, Reuters has reported. An absolute return strategy aims to give positive returns, as opposed to relative returns which target beating benchmark indexes or peers. The fund targets annual returns in excess of 15% while it aims not to exceed an annual volatility of 7%.
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StaffTuesday, October 13 - 2009 at 11:05 UAE local time (GMT+4)
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