A former money manager at Soros Fund Management is launching a Dubai-based hedge fund firm.
Bloomberg reported that Ahmad Zuaiter’s Jadara Capital Partners, which is expected to start trading in the second quarter of this year, will focus on stocks related to “frontier markets,” which includes countries such as Pakistan, Morocco, Zimbabwe and Iraq. It was not disclosed how much capital Zuaiter plans to raise before the fund starts trading.
Zuaiter explained to the news outlet that “frontier markets should continue to outperform emerging markets this year because their debt is lower measured against gross domestic product, they have younger populations and economies that are less dependent on China for their exports.”
Zuaiter worked at Soros Fund in New York and Istanbal from 2006 to 2011; prior to that, he spent more than three years managing money for Morgan Stanley’s investment management unit.
Soros Fund Management founder, George Soros, transitioned the firm from a hedge fund to a family office in 2011 to avoid registering the firm with the Securities and Exchange Commission.