Sun Hung Kai Financial (SHKF), Hong Kong’s leading non-bank financial institution, will be launching its SHK Alpha Mena Fund in August, in partnership with Dubai-based Algebra Capital Limited.

The fund will provide professional investors with greater exposure to the growing Middle East and North Africa markets.

It is a long-only absolute return fund which aims to tap a growing base of high net worth investors in the Asia region.

But the fund is not confined to the investment restrictions and daily liquidity constraints posed by retail mutual funds, and also features wider research services targeting hundreds of companies not currently included in the MSCI, according to the company.

“We’re proud to partner with Algebra Capital as they boast a local presence in these key markets and enjoy a proven track record in investing in the Mena region," said Rizal Wijono, managing director, SHKFM.

"The region provides a safe port amidst a storm in global markets, which have been significantly impacted by deteriorating credit markets and an impending US recession. It’s a region which has stood out and consistently delivered a strong performance,” he added.

SHKFM will act as the investment manager for the fund while Algebra Capital will be the fund investment advisor.- TradeArabia News Service