The recent announcement of a partnership between the Millennium Finance Corporation in Dubai and the Man Group to offer a Shari’ah-compliant hedge fund highlights also the increasing presence of sovereign wealth in the hedge fund industry. Here’s a recent Dubai-based hedge fund portfolio manager job, exclusive to Hedge Fund Search Digest, from one of several recruiters, with a focus on MENA hedge fund jobs, who work regularly with HFSD.
Portfolio manager for a reputable firm’s public equity investment management efforts in the MENA Region, consisting of the Arab countries of North Africa, the Middle East and the Gulf, plus Turkey. The firm is currently undertaking a strategic growth initiative, looking to achieve USD 10 billion of AUM by 2010, by launching a fund platform consisting of regional and sector-focused hedge funds, private equity funds and real-estate funds.
The PM will hold responsibility for the development and management of hedge fund and long-only products in the MENA Region. Products will be offered both in conventional and in Shari’ah-compliant formats, and the PM must be comfortable operating in both areas. The PM will take an active management approach to absolute-return investing in the regional equity (and equity-linked) markets, based partly on technical analysis & charting and partly on fundamental analysis. He will manage funds with a strong focus on capital protection and absolute return, while always aiming to outperform the market by a minimum of 10%.