Bahrain makes friends with US investment platform

Handshake1The Bahrain Economic Development Board says it will collaborate with and support Almas Nexus, a US-based investment platform for institutions. Almas Nexus says it plans to open an office in Bahrain as it rolls out its platform to wealth advisers and institutions in the region. “Our aim is to offer wealth managers and institutional investors premium sources of alpha from around the world, many of which would otherwise be inaccessible,” said Mark Nichols, chief executive of Almas Nexus. Nichols, who has a background in advising institutional investors about hedge funds, said the Bahrain board's support was “a powerful endorsement”. Almas Nexus is based in Stamford, Connecticut. Besides Bahrain, it plans to open offices in Dublin and Singapore. ©2017 funds global mena

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