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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Qatar Plans to Build Hedge Fund Platform

Apr 18, 2013
Jing Chen

The Qatar Financial Centre is planning to buy hedge fund firms in an effort to boost the country’s asset management industry.

Financial news outlet International Adviser reported that Yousuf Al-Jaida, the chief strategic development officer of QFC, is currently implementing a four-step process in building up the asset management presence in the country’s capital city of Doha. Buying hedge funds would be the next step in the process, known as “Wave 2.” Wave Two would also involve setting up back and middle office firms in the region.

Al-Jaida also said that the goal would be to “end up with a platform of maybe 10-15 managers, with a billion or a billion and a half under management.”

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