Waha MENA Equity Fund recognised among Top 50 Hedge Funds globally

Waha MENA Equity Fund recognised among Top 50 Hedge Funds globally

Abu Dhabi, UAE – The Waha MENA Equity Fund, flagship fund of Waha Capital PJSC (ADX: WAHA), a leading investment management company based in Abu Dhabi, ranks 15th in the latest 2022 survey by the Global Investment Report of the world’s top 50 hedge funds. The Waha MENA Equity Fund climbed seven spots on this year’s list and is the only hedge fund based in the MENA region to feature in the ranking.

Since its inception in 2014, the Waha MENA Equity Fund has yielded a cumulative return of 280.6% (as of 31 August 2022), equivalent to an annualised net rate of return of 16.7%. In comparison, the reference S&P Pan Arab Composite Index provided a cumulative return of 75.6%, equivalent to an annualised rate of return of 6.7%. Despite macroeconomic uncertainty and strong headwinds in global capital markets, the Fund continues its solid track record of consistent outperformance, returning 12.61% year-to-date, against the reference S&P Pan Arab Composite Index which has returned 7.2%.

Taking a diversified investment approach, the Waha MENA Equity Fund invests primarily across nine countries in the MENA region, from Morocco through to Oman. The Fund’s consistent performance is underpinned by Waha Capital’s strong research capabilities, that combine