Gulf investors to boost hedge fund assets - Bloomberg

Persian Gulf Arab institutions are likely to boost hedge fund investments this year as they seek to diversify assets and stabilize returns, according to Investcorp of Bahrain, which manages $12 billion - the Bloomberg is reporting.

The Gulf usually follow trends in the U.S., where investors helped push global hedge fund assets to $1.6 trillion last year from $1.3 trillion in 2008, Khalid al-Rumaihi, Investcorp’s managing director for placement, said at a conference in Dubai. Investcorp manages $4.5 billion in funds of hedge funds after adding $1.3 billion of assets last year, all from U.S. financial firms, he said. “You will have more investments from the Gulf this year,” al-Rumaihi said. “We would expect a very good year” as global markets are likely to remain volatile, he said.

Investcorp is listed in the Middle East Investors Directory with the code OR30 - with 15 contacts listed.

Their full press release follows