As delays in payments to investors continue, hedge funds are finding it difficult to attract new investments despite reduced redemptions, according to a senior executive.
Kamal Fayad, Fund Manager and General Partner for Evolvence Middle East and North Africa (Mena) hedge fund, said: "People are still afraid to invest. It is tough to raise cash even now. The performance of the regional market is still uncertain and factors like tight liquidity are keeping investors at bay."
Most funds are struggling to handle redemptions. Recent reports have indicated a slowdown in redemptions in hedge funds in the first three months of this year.
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