ME share of global hedge fund to rise by 30%, 2013

Middle Eastern investors’ share of global hedge fund assets will rise by almost 30 percent to $194bn by the end of 2013, according to a new survey.

A survey by The Bank of New York Mellon and consultancy Casey Quirk concluded that Middle East investors will account for about 7.5 percent of total global hedge fund assets in 2013, almost 30 percent more than in 2007.

Hedge fund assets will bottom out at roughly $1 trillion in 2009, after which capital appreciation and $800bn in net inflows over the next four years will push global levels to $2.6 trillion by 2013, the study predicted.

The majority of inflows for 2010-2013 from the Middle East will come from high net worth investors , primarily family offices, it said.

The Middle East has not been a major source of outflows from the industry over 2008-2009, accounting for less than three percent of total global outflows.

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