Gulfmena will be targeting high net worth and institutional investors with its ‘enhanced alpha’ and absolute return strategies and also offers bespoke and Shariah compliant investments.
The fund manager will launch the Gulfmena Arab Opportunities Fund, a macrodirectional absolute return equities fund later in the year. The Cayman domiciled and regulated product is the first Mena hedge fund of its kind, according to Gulfmena.
Haissam Arabi, Gulfmena’s founding chief executive and fund manager, said risk management and liquidity and capacity controls were paramount in its strategies, while portfolio reporting was “stateoftheart”. He added the
DIFC was an ideal place to do business because of its regulatory standards.
“The changing landscape of the asset management industry and rapidly growing investor sophistication, especially following the credit crunch, places regulation and compliance at the heart of any successful strategy,” he said.
Arabi was formerly managing director of Dubai investment bank SHUAA Capital’s asset management division, where he managed a number of funds and investment strategies.
Marc Hambach, Gulfmena’s COO, said: “We have a proposition for a unique nontraditional investment strategy and an unparalleled risk management platform that better meets the challenges and opportunities of today’s MENA markets.”
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