Hedge funds are an increasingly important asset class for the Middle Eastern investor. The Middle East marketplace offers an estimated two trillion dollars in net worth available for investment, stated a press release. To date, only a fraction of this, approximately one percent has been invested in hedge funds.
The establishment of the Dubai International Financial Center (DIFC) has given further premise to the importance of this region to the rest of the world. CEO of DIFC Naser Nabulsi will present his review and predictions for the Middle Eastern hedge funds market at the 5th annual Hedge Funds World Middle East conference in Dubai in February 2004. Given that Shari'ah prohibits the popular hedge fund strategy of short selling, he will put forward his view of the most attractive strategies for Middle East investors.
Hedge Funds World Middle East 2004 will bring together regional investors with the international hedge fund community to discuss the critical issues of performance measurement, risk management, achieving transparency and liquidity and new developments in hedge fund strategies.
Hedge Funds World Middle East continues to attract leading international players within the hedge fund industry to this region. The 2004 conference is no exception, being sponsored by Man Investments, Credit Lyonnais, Crédit Agricole, Bright Capital, Union Bancaire Privée, Drake Management, Mellon Global Investments, Aspect Capital, American Express, Asset Alliance, Bank of Bermuda, Wedge Alternatives and EIM. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
