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The first DIFC domiciled hedge fund “The Constans Crescent Investment Fund” was launched today by Argent Financial Group LLP. The fund offers a new investment vehicle to qualified investors in the region and represents the opening of the regulated hedge fund business in the DIFC.
The Constans Crescent Investment Fund is one of the first hedge funds focused on investment opportunities in the “Crescent Belt” of Islamic countries stretching between Morocco and Pakistan, including the GCC and North Africa. The Fund will primarily invest in the local public equities across these markets. It will be positioned to take advantage of market movements using a fundamentals-driven multi-directional strategy in order to capture returns regardless of market direction. Currently, most regional funds are long only, leaving investors vulnerable to downward market corrections.
Mr. Howard Leedham MBE, Senior Managing Director of Argent Financial Group International LLP, said: “The Constans Crescent Investment Fund is the first fund in the region to employ a multi-directional strategy focused on the region. Today’s launch is the result of 12 months work done in close consultation with the DIFC”.
The fund brings a unique product to wholesale investors in the region for whom Argent Financial Group aims to deliver consistent and positive investment returns.
Sandy Shipton, Head of Asset Management at the DIFC, said: “Argent’s global expertise in the alternative investment market is a welcome addition to the DIFC fund community. We look forward to continued innovation from funds at the DIFC, which will provide wholesale investors in the region with greater choice”.
