Selling hedge funds in the Persian Gulf

special report: the gulf and hedge funds

"Go West, young man, and grow up with the country."

1851 editorial in Indiana's Terre Haute Express.

Today, investors could reasonably be excused for turning this admonition on its head and moving to seek exceptional returns by going East or, more specifically, going Middle East. For exceptional returns are indeed being made.

From the beginning of 2005 to mid-October 2005, principal index of the Bahrain Stock Exchange gained more than 221⁄2%, Kuwait's index was up around 58% and the domestic

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