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IIFA Utsavam 2024: Stars gather for South Indian cinema's biggest night in Abu Dhabi; as it happened
The awards show in Abu Dhabi celebrates all things South Indian cinema
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Lyxor Looking into ME Expansion
DUBAI - France-based Lyxor Asset Management, the hedge funds subsidiary of Societe Generale Group with an asset portfolio of more than $84 billion, is looking into expanding its presence in the Middle East, said its chief executive officer Laurent Seyer.
“Our market in the region is still quite small compared to our traditional markets, which is why we are keen to push and put more resources in the region,” Seyer said in an interview with Khaleej Times.
“The Middle East region is an interesting area for hedge funds. Like the rest, economies here have not been decoupled from the global crisis. But there is still a great potential here, and we realise that we aren’t as strong in this area as we should be.”
Seyer said that hedge funds, traditionally not the strongest investment option in the Middle East prior to the global financial crisis because of stellar returns from equities and the bonanza in oil prices, is starting to gain appeal here — especially as investors get increasingly wary about unpredictable equities markets and faltering real estate.
· rocel@khaleejtimes.com
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