News

Waha Capital plans hiring spree for new fund launches

Hiring_fund_managersAbu Dhabi-based investment manager Waha Capital will reportedly undertake a recruitment drive before launching a series of funds. The new funds will likely include one that will target undervalued European and US equities and another aimed at regional investors looking for sharia-compliant investments, according to Michael Raynes, Waha Capital chief executive, who was interviewed by Bloomberg. “Our strategy is to increase fee income by raising third party assets under management,” said Raynes. The recruitment drive will form part of a reorganisation of the company's fund marketing division in support of the planned fund launches. Raynes denied the firm had to scrap a planned $300 million private equity fund due to fallout from troubles at Dubai-based buyout firm Abraaj Capital. He said Waha Capital “never set any targets for fund-raising” and has instead opted for co-investments rather than raising pools of capital, according to the Bloomberg report. Raynes added that the troubles at Abraaj have had no “noticeable direct impact on our business”. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.