Dubai – Decypha: With only a handful in the Emirates, Dubai-based investment bank Arqaam Capital announces its launch of a globally focused hedge fund.
The fund, described as a Global Macro Multi-Asset fund in a company statement, will be domiciled in the Cayman Islands and regulated by British law.
According to the fund’s new head, Areski Iberrakene, the decision to launch the fund came in response to Arqaam need to grow beyond the region and diversify its operations.
The fund is aiming to reach a worth of $2 billion.
Iberrakene had previously founded his own company, Areski Capital, which later merged with Arqaam. Former employees’ of Areski Capital are planned to operate the new fund.
While the Dubai baking scene is rapidly rising, most Middle East funds have mostly focused on traditional equity and fixed income.
By Decypha Editorial Team
