Citi’s Global Transaction Services business has been appointed by Gulfmena Alternative Investments, a specialist asset management company and hedge fund manager, to provide global custody services for their newly launched Gulfmena Arab Opportunities Fund.
The fund is a multi-faceted, directional, absolute return strategy that focuses primarily on publicly listed equities in the Middle East and north Africa (MENA) region; it has a long bias with short extensions. The fund was launched in December 2009 and is domiciled in the Cayman Islands.
Haissam Arabi, chief executive officer (CEO) and fund manager, Gulfmena Alternative Investments, said: “By choosing Citi, we are gaining access to their high calibre expertise, global footprint and local knowledge. Citi was able to provide us with a solution that was flexible and matched the needs of our company.”
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