Kevin Pilarski, president and CEO of Falcon Global, an alternatives investment company with experience in the Gulf states, believes that many more hedge fund managers will follow suit in Gulf Cooperation Council states.
“The GCC has agreed to a common currency by 2010, so we’ll see developments mimicking what happened when the euro was introduced,” he says. “I think we’ll see not only an emergence of Middle East-based hedge funds but a much wider understanding of derivatives in the region.
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