Hedge funds struggle to find foothold in Gulf Co-operation states

Hard times


Despite ongoing interest and foreign investment in the Middle East, the fragmented and difficult nature of the regulatory regimes in the Gulf Co-operation Council (GCC) states is still a drag on growth.

Nevertheless, the future does look bright for the hedge funds industry in the region. After a challenging two years when redemptions and burst equity bubbles wiped out gains across markets, investors are slowly returning money held on the sidelines.

“This is where we are going to start climbing bac