Emerging markets specialist fund manager Charlemagne Capital is launching a Middle East and North Af...
Emerging markets specialist fund manager Charlemagne Capital is launching a Middle East and North Africa (MENA) fund next month. The Magna MENA portfolio will invest in companies with 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. The vehicle is headed up by Gabor Sitanyi, who also runs the group's Africa fund. He said the investment case for the region is based on st...
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