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Recent announcements by DE Shaw and Revere Capital Advisors that they are setting up in Dubai, is a clear sign that the Gulf region is becoming even more important for the global hedge funds industry.
"Investor confidence in hedge funds is slowly coming back. We have recently extended our presence here in order to reach out to investors in the region. GAIM Middle East summit is the perfect platform to put a spotlight on the opportunities in the Middle East during a time of limited liquidity and volatile markets"
said Daniel Barnett of Revere Capital, USA.
GAIM Middle East Alternative Investment conference 2009 will take place at the Monarch Hotel in Dubai on 11-15 November 2009. This year's event will serve as a platform for local and regional investors to meet and discuss with hedge fund and private equity managers, issues such as transparency, risk management and fee structures. "This gathering is shaping up to be THE platform for debates and discussions that will move forward the development of the Middle East alternatives universe," said Arben Jusufi, Project Director at IIR Middle East.
Daniel Barnett will be joined as a speaker at the summit by major local and regional pioneers of the alternatives industry, Haisam Arabi (Gulfmena, UAE), Tarek Sakka (Ajeej Capital, KSA) and Kamal Fayad (Evolvence Capital. UAE), who will share their insights into the barriers of hedge fund take up in the region and how local players can play a role in consolidating the industry. A clear sign that the local fund managers are stepping up is the Gulfmena's announcement of their launch of the "Gulfmena Arab Opportunities Fund Limited", which is the first directional absolute return hedge fund focusing specifically on the MENA equity markets to be managed by a GCC based and DFSA regulated asset management business.
Posted by Rima Ali Al Mashni
