Hedge Funds

MENA Admiral performs strongly in rocky Arab markets


Despite turbulence, managers believe region is rich in capital and natural resources and has high long-term growth rates

Making its debut in our performance tables this month is the MENA Admiral Fund, a fundamental long/short equity fund focused on the Middle East and North Africa.

Khaled Adbel Majeed

The fund, launched back in March 2006, is managed from London by Khaled Adbel Majeed, previously the CIO of EFG Hermes Asset Management and a director at Blakeney, and Russell Hendry, previously an analyst at SISU Capital and Oxburgh Partners.

The fund, which runs current assets of about $23 million, has compiled a very creditable track record so far, delivering a positive compound annualised return of