Abu Dhabi – Mubasher: The Waha MENA Equity Fund, the fund of Waha Capital, has been placed among the world’s top 50 hedge funds, marking as the only hedge fund in MENA to feature in the ranking.

Since its launch in 2014, the Waha MENA Equity Fund has generated a cumulative return of 207.3% as of 30 September 2021, equivalent to an annualised return rate of 15.6%, according to a press release on Wednesday.

With investments in nine countries, the Fund has benefitted from the opening up of GCC markets to foreign investors in recent years.

The ranking was published in the 18th annual global hedge fund edition conducted by New York-based financial analyst, Eric Fuhlfelder.

The CEO of Waha Capital, Ahmed Khalifa Al Mehairi, said: "Our priority at Waha Capital is to curate diversified and balanced portfolios that create sustainable income and long-term value for our shareholders and investors."

Meanwhile, the CIO of Waha Capital’s Public Markets Business and Lead Portfolio Manager of the Waha MENA Equity Fund, Mohamed El Jamal, commented: "We have strategically spent the last decade investing to build our Waha Emerging Markets asset management platform out of Abu Dhabi.  Our MENA Equity Fund has been recognised as one of the top 50 hedge funds globally, on a five-year track record basis."