Oman Shuns Hedge Funds as Sovereign Investor Targets Equities - Bloomberg:
"Oman, the largest oil producer in the Arabian Peninsula that’s not a member of OPEC, said it’s shunning hedge funds and alternative assets to invest directly in emerging market equities and real estate in stable countries.
Oman Investment Fund, the sovereign wealth fund, manages almost all its assets internally and would only consider external managers because it could be “resource-intensive” to follow hundreds of stocks on a daily basis, Chief Executive Officer Hassan Al Nabhani said in an e-mailed response to questions, his first such interview in at least seven years.
“The bulk of our portfolio comprises direct private equities investments,” Al Nabhani said. “Hedge funds are not transparent enough in their strategies and the risk they take do not compensate for the returns and the fees they charge.”"
'via Blog this'
No comments:
Post a Comment