FUND MANAGEMENT

Saudi funds AuM reached $33bn in Q4

The assets of foreign and domestic investment funds in Saudi Arabia grew by 5% in Q4 to reach US$33 billion. Local assets, which grew by...

Oman Investment Authority launches $5.2bn fund

Oman’s sovereign wealth fund, Oman Investment Authority (OIA), has launched a US$5.2 billion fund to invest in Omani projects and companies. The Future Fund Oman...

Franklin Templeton opens Riyadh office

US asset manager Franklin Templeton has launched in Saudi Arabia after opening an office in Riyadh. The move comes after the firm received licences from...

Bfinance opens Dubai office

UK-based investment consultant Bfinance is the latest overseas firm to spread its global presence to the Middle East. The UK-based firm is opening an office...

HK hedge fund gets approval in Abu Dhabi

Hong Kong-based alternatives firm Infini Capital Management has secured in-principle approval from the Abu Dhabi Global Markets (ADGM) to operate in the UAE. Should Infinity...

New GCC wealth firms reach record numbers

The number of wealth management firms operating in the GCC reached an all-time high during 2023. The latest Middle East Investment Panorama report published by...

Mubadala and Goldman form $1bn private credit partnership

Abu Dhabi-based sovereign wealth fund Mubadala has struck a US$1 billion deal with Goldman Sachs Asset Management to pursue private credit deals in Asia. The...

Fiera Capital opens Abu Dhabi office

Canadian asset manager Fiera Capital has expanded its presence in the Middle East after opening an office in Abu Dhabi. The new business, based in...

Rothschild & Co opens Saudi office

Independent financial advisory group Rothschild & Co has expanded its Mena presence with the opening of a new office in Riyadh. The move is part...

Singapore wealth manager launches Mena office

WRISE group, a wealth management firm based in Singapore, has announced the launch of a Middle East branch. WRISE Middle East will be based in...