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Gulf oil cash becomes a magnet for global money managers

Financial Times LogoFinancial Times1 mo ago

Gulf oil cash becomes a magnet for global money managers

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BlueCrest, the former hedge fund that is now a family office, has at least two portfolio managers, one of whom is focused on oil, and an analyst based in Dubai, according to LinkedIn.

Greenig said that the Abu Dhabi Investment Office, a government body focused on attracting foreign investment, had provided “financial incentives” to support its plans there.

She said the Gulf was now better placed to avoid economic shocks, with less external exposure and lower debt levels.“However, as we continue to live in a global interrelated economy, we will eventually be impacted by the contraction, stagflation and predicted recession in Europe and the US.


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Article Details

Author / Journalist: Simeon Kerr

Category: MarketsFinanceInvesting

Topics: Asset Dubai Hedge Global Financial Managers Fund Funds Region

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 03:00:25

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 7 minutes read

Article Length: 1103 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 30350

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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