Waha MENA Equity Fund

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The Fund is an absolute return, long/short strategy that invests in Middle East and North Africa (MENA) listed equities.

The Waha MENA Equity Fund invests in a diversified portfolio of publicly-listed companies across the Middle East and North Africa (MENA) regional equity markets. The selection of equities involves in-house fundamental research and a rigorous risk governance framework, as well as sell-side research.

The Fund launched in January 2014, has consistently generated absolute returns for our investors. The Fund is actively managed by a stable, seasoned investment team based in the region with decades of cumulative experience. The Fund follows an absolute return strategy employing a fundamental bottom-up approach with a macro and technical overlay. The Fund has a long bias but has the ability to invest on the short side to generate returns.

Total Return Performance

Returns1 M3 M1 YrYTDAnnualized SI2Cumulative SI2
Fund (Net)1.8%7.9%2.5%6.5%16.2%306.3%

Calendar Year Performance

Fund (Net)27.2%7.9%14.0%11.7%6.6%19.7%14.1%32.8%12.8%


Data presented is as of 30th April 2023. (1) Please note the reference index not to be used as a benchmark for performance as it is not a direct comparison, source: Bloomberg LLP. (2) Inception date of Fund is 1st Jan 2014.


Total Return in 2022


Total return since Inception


Annualised Rate of Return

US$ 788.4 M

Assets Under Management



CFI.co Awards 2016 – Best Emerging Markets Investment Manager


Banker ME - Best GCC Equity Fund


MENA Fund Manager Performance Award- MENA EQUITY > $50M Best Diversified Asset Manager


Alternative Asset Manager of the Year


Top 50 Global Hedge Funds


EuroHedge Awards 2021

Get In Touch

Please call (02)667 7343, or submit your question using the form.