Paul Watthey, marketing director for EMEA at Advent Software, estimates that there are approaching 60 hedge funds in Bahrain as well as a smaller number in Dubai. “There has not been the surge in the number of managers that was expected,” he says. “We estimate about $3 billion in assets under management in hedge fund firms in Bahrain at present, but interest from investors is growing.”
The appeal for domestic investors, says Watthey, is the diversification that hedge funds offer.
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