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Gulfmena Alternative Investments Sees Good Returns
January 17, 2010
Cash-rich sectors in the Middle East such as utilities can offer returns despite the impact of the global crisis on the region and Dubai's struggle to meet its debts, said alternatives firm Gulfmena.
Utilities, telecoms, fertilisers and some infrastructure projects offer a chance for investors to extract returns amid the turmoil in the Middle East according to Haissam Arabi, CEO of Gulfmena Alternative Investments and manager of its first hedge fund.
Arabi set up Gulfmena last year after an eight year career making long-only investment calls at financial group Shuaa Capital. He has now branched out to managing the Gulfmena boutique's first hedge-fund, Arab Opportunities. He and his Gulfmena partners have pooled their own money in the hedge fund, which aims to attract $50 million by the first half of the year.
Original Posting At: GulfBase
Utilities, telecoms, fertilisers and some infrastructure projects offer a chance for investors to extract returns amid the turmoil in the Middle East according to Haissam Arabi, CEO of Gulfmena Alternative Investments and manager of its first hedge fund.
Arabi set up Gulfmena last year after an eight year career making long-only investment calls at financial group Shuaa Capital. He has now branched out to managing the Gulfmena boutique's first hedge-fund, Arab Opportunities. He and his Gulfmena partners have pooled their own money in the hedge fund, which aims to attract $50 million by the first half of the year.
Original Posting At: GulfBase
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