Ahmad Zuaiter, a former money manager at Soros Fund Management, is currently fundraising for his new hedge fund venture.
The Wall Street Journal reported that Zuaiter is looking to raise an undisclosed amount for Dubai-based Jadara Capital’s maiden fund from institutional investors, such as pension funds and university endowments. The new fund, will invest in stocks related to “frontier markets,” which include countries from Argentina to Vietnam. It is expected to launch in May or June.
According to an earlier eVestment article, Zuaiter explained to a 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.