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Dubai Hedge Fund Targets 25% Return |
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8/25/2006 8:58:38 AM |
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The Argent Group manages about $2 billion in assets globally and is aiming for 15-25% returns from investments. The launch of its Dubai fund represents the opening of the regulated hedge fund business in Dubai’s financial free zone.
The Constans Crescent Investment Fund will focus on investment opportunities in the “Crescent Belt” of Islamic countries stretching between Morocco and Pakistan, including the GCC, Levant, Turkey and North Africa. The objective of the hedge fund is to generate consistent absolute returns from a diversified portfolio of securities, they will primarily invest in the local public equities across these markets.
The Argent Group of companies currently manages in the region of $2.5 billion in assets over various strategies for onshore and offshore investors. It now operates funds from offices in, London, the USA (5 states), Bermuda, and has a Financial Analyst Platform in Mumbai, and will imminently commence fund operation in the DIFC-Dubai. The company currently has approximately 1,200 Sophisticated and institutional investors with the majority being non-US.
Argent Financial Group has announced its launch of The Constans Crescent Investment Fund, it is the first of its kind and the hedge fund is open to international traders who are willing to invest at least $500,000 each. |
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