One of the few hedge funds focused on the Middle East and North Africa (MENA) has taken heavy exposure in Qatar, the UAE, Saudi Arabia and Egypt, expecting that international investment in the region is about to pick up.
Khalid Abdul Majeed, managing partner of MENA Capital which runs the MENA Admiral Fund, said he has some 30 per cent in Qatar and the UAE, 25 per cent in Saudi Arabia and 18 per cent in Egypt.
"Our country allocations have been influenced by conversations we have had with the big banks who are reporting a significant increase in interest by international investors," he said on the sidelines of the CFA Institute's European Investment Conference in Frankfurt on Thursday.
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