Specialist emerging markets manager Charlemagne Capital will launch its first Middle East and North Africa (MENA) fund next month.
Its ninth Magna sub-fund, the Charlemagne MENA vehicle will invest in Gulf states including Bahrain, Qatar, Saudi Arabia – as well as counties such as Algeria, Egypt and Morocco in North Africa. Charlemagne says the fund will be exposed to various sectors within the region, including banking, industrial, real estate and telecoms. Lead portfolio advisor is Gabor Sitanyi, working together with Sharat Dua and the team which has on average 18 years global emerging markets experience. “The Gulf countries and North Africa offer safe, locally driven growth opportunities at reasonable valuations...
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