Gulfmena Investments, which is shifting from asset manager to service provider, is helping a US-Malaysian firm to launch a product in Saudi. It says European AMs are eyeing Dubai.
Dubai WorldÆs request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk.
The fund house is preparing to launch an Arabian markets equity fund in September, to be managed by CIO Farah Foustok and her team. It is targetting a total AUM of $1 billion for the whole firm by June 2009.
ING Investment Management will launch its first Mena equities fund in the third quarter of 2008 and expects more than half of its commitments to come from global institutional investors.