Haissam Arabi sounds excited these days. He hopes to receive a licence for a regional hedge fund company shortly. He plans to launch this year an open- ended fund with an absolute return strategy and feels that about $20-$30 is viable enough to get started in these difficult times.
It might appear to be a contrarian move, especially now.
The global financial crisis is still unravelling. Big and small hedge funds worldwide have been badly battered and witnessed large-scale redemptions, with investors taking a much more cautious approach to investments. Although the Eurekahedge Hedge Fund Index rose 0.2 per cent through January, it's still early days to be optimistic.
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