GulfNews- The top echelons of the global hedge funds industry discussing the outlook at the ninth annual Hedge Funds World Middle East Conference in Dubai yesterday said that despite the challenges faced by industry due to the credit crunch it is set for an unprecedented boom in the Gulf region.
The industry has grown rapidly, with global hedge fund assets now estimated to exceed $1.8 trillion having almost doubled from $1 trillion in 2005.
Speaking at the conference Peter Clarke, CEO of Man Group, the parent company of Man Investments said that against a backdrop of increasing diversity and texture in the industry, the growth story for hedge funds continue to remain persuasive.
