Charlemagne moves into MENA space with planned launch

Emerging markets specialist fund manager Charlemagne Capital is launching a Middle East and North Afr...

Emerging markets specialist fund manager Charlemagne Capital is launching a Middle East and North Africa (MENA) fund next month. The Magna MENA fund will invest in companies that have a significant presence in the Arabic-speaking world. This will include Gulf countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, and North African countries Algeria, Egypt, Morocco and Tunisia. The fund’s remit also includes Jordan and Lebanon. Its strategy is to exploit market inefficiencies to generate excess returns independent of the broader market, using a bottom-up stockpicking ap...