Dalma Capital Launches First DIFC Saudi Equity Fund
Dalma Capital is pleased to announce the launch of Quencia Saudi Equity Open Ended PC, the first DIFC domiciled fund focused on investing in the Saudi stock exchange, Tadawul.
MSCI Emerging Markets Upgrade for the UAE and Qatar: Likely Effects
The decision by MSCI to upgrade UAE and Qatar to Emerging Markets status from Frontier Markets status is likely to have profound, positive effects on domestic equity markets. The upgrade will cause the investor base in domestic equities to broaden widely and could significantly increase liquidity of domestic stocks, such as DP World.
Calpers Exit from Hedge Funds – Bucking the Trend
The year 2014 has seen the global hedge fund industry achieve record assets under management, with inflows reaching US$114.8 billion year to date according to eVestment. However, while the majority of institutional investors satisfied with hedge fund returns and intending to increase allocations, The California Public Employees’ Retirement System (CalPERS) has surprised the industry by announcing on September 15th that it intends to withdraw all of its hedge fund investments.