The Evolvence Capital Semi-Exotic Equity Derivatives (Ecseed) fund was launched in April with $50 million of assets. It invests in equity and equity-derivative instruments in blue-chip companies in the Gulf.
"Our business is GCC equities," says Aaleddine Chahbi, head of convertibles and equity derivatives at the firm. "We also use derivatives in the investment process and are the only people to do so in the region."
As there are no public equity derivatives markets in the Gulf, Evolvence uses OTC derivatives. These are products privately written by leading investment banks,...
