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Duet Group launches multi-strategy hedge fund in the Mena region

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Duet Group, a global financial group specialising in alternative asset management, has launched what it says is the first Mena multi-strategy hedge fund, the Duet Mena Opportunities Fun

Duet Group, a global financial group specialising in alternative asset management, has launched what it says is the first Mena multi-strategy hedge fund, the Duet Mena Opportunities Fund.

The fund will target both equity and fixed income markets in the Mena region and will be managed by Duet Mena, a DIFC-licensed asset manager.

Rabih Sultani, chief investment officer, will manage the fund under the leadership of Hedi Ben Mlouka, chief executive officer of Duet Mena. Sultani brings over nine years of fund management and research experience across equities and fixed income.

Mlouka says: ‘The current unfolding crisis has created unprecedented opportunities in global markets. Such opportunities appear to be even more eye-catching in the Mena region, and we, Duet Group, are well positioned to take advantage of these prospects for our clients. I am pleased to announce that Duet’s commitment to the Middle East has led to the allocation of significant capital to the fund from existing shareholders and clients.’

The fund will deploy three main investment strategies: conviction, relative arbitrage and opportunistic trading. These will be premised on pricing dislocations and valuation imbalances that are created from time to time under the influence of economic, political and capital flow factors.

‘The fund is unique in that it operates in both equity and credit markets while applying a rigorous risk management process. The investment process is based on fundamental, quantitative and technical factors to identify trades offering a favourable risk-return profile, while capital will be dynamically allocated across these strategies as opportunities change,’ says Sultani.

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