The Qatari fund manager would consider a partnership with an Asian firm, but first wants to boost its local equity penetration – a tough ask in the Middle East.
They see Doha as a safe haven and favour emerging markets for offshore investment. They are also active in managing their wealth and prefer Africa and Europe over the US.
Even relative safe havens such as the GCC countries have suffered from turbulence in the wider Middle East and North Africa, despite the region’s potential.
Asia-Pacific portfolio managers feel equities will outperform other asset classes next year, and that commodities and property are the most attractive alternative investments.
Qatar Investment Authority has boosted its legal team by hiring a partner from the US law firm’s Japan office to help allocate its fast-growing pool of capital.
Global fund houses should help to strengthen Asia-Middle East links by taking the ‘mea’ out of Emea, say senior executives from the Qatar Financial Centre Authority.