Hedge funds in the Middle East and North Africa (Mena) are expected to generate more than 15 per cent returns in 2010, said fund managers. Mena-based hedge funds have been capturing an increasing interest from global investors.
Mena markets are likely to outperform other emerging markets in the coming year and this growth would percolate to hedge funds as well, fund mangers told Emirates Business. Markets in the region have underperformed most other emerging markets this year.
Globally hedge funds are up 15 per cent year to date, as represented by the Credit Suisse/ Tremond Fund Index and are on track to "post their best annuall returns in 10 years", according to a hedge fund update.
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