US-based investment funds, including hedge funds, have experienced significant withdrawals of capital from Middle Eastern investors, but UK funds are not experiencing the same treatment.
In what is seen as a politically-motivated response to the Iraqi war, a flight of capital has been identified in US portfolios since hostilities began, resulting in liquidity drying up in commodity markets, according to Malcolm Freeman, head of the metals desk at City of London broker, IFX Markets.
He said the
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines