Source: Algebra Capital
Algebra Capital announced the launch of its fixed income business with the opening of the BETA MENA Fund today. Targeting $300m, this fund is the first to focus on MENA corporate credit and local currency markets.
Aiming for absolute returns above 10%, the fund should deliver returns above average regional inflation rates, and will initially be offered in UAE Dirhams (AED) and US Dollars (USD), later expanding to include Saudi Arabian Riyals (SAR) and Qatari Riyals (QR).
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