Reuters- Singapore’s Wittenham Investment Management launched a fund of hedge funds to invest in frontier capital markets such as Africa, Middle East and countries in the former Soviet Union.
The MENA Plus fund would start with a minimum $7 million seed capital and has a capacity to take as much as $300 million of funds from investors, said Peter Douglas, an adviser to the fund and founder of hedge fund consultancy GFIA.
"In the emerging Europe, Middle East, and African time zone, we’ve found plenty of experienced managers creating very attractive risk-return profiles," he said in a statement.
