Haaretz – The hedge fund business in Israel is small by American standards ? just some $1.6 billion under management ? but its assets have grown five-fold over the last six years and it is becoming a preferred line of business for some of the capital market’s leading players.
For instance, Yoav Kaplan and Oded Gal quit their long-time jobs as investment managers at IBI Israel Brokerage & Investments last August to set up a hedge fund. Roni Biram and Gil Deutsch, the two founders of Excellence Investment House ?(now owned by tycoon Yitzhak Tshuva?) are setting up a fund of their own.