Hedge funds are being held back in the Gulf by limits imposed by regional bourses on trading in derivatives, a senior manager says.
Negative attitudes towards short-selling and the fragmented nature of regional stock markets also represent obstacles to the industry in the region, said Haissam Arabi, the chief executive of Gulfmena Alternative Investments.
“There are many structural hurdles,” said Mr Arabi. “In terms of instruments, there are limited products, the cost is too high and you are not allowed to the market until you get your finance licence.”
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