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Specialist Alternative Asset Management Firm targeting MENA region gets licence to operate from DIFC

AMEinfo – Gulfmena will introduce its flagship investment strategy through ‘Gulfmena Arab Opportunities Fund’ a macro-directional (market-directional) absolute return public equities fund that will be launched in the last quarter of 2009. The first MENA hedge fund of its kind, the Fund seeks to adopt Global Investment Performance Standards (GIPS) from the start.

Marc Hambach, Gulfmena’s Chief Operating Officer, said: ‘We believe we have a proposition for a unique non-traditional investment strategy and an unparalleled risk management platform that better meets the challenges and opportunities of today’s MENA markets.

‘For that purpose, we are delighted to be headquartered in DIFC which has proven to be the hub for specialist regional managers. Given that alternative investment management within regional markets remains a pioneering concept, we look forward to aligning interests with a progressive partner such as DIFC and working together to create the region’s alternative investment space,’ Hambach said.

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