Charlemagne Capital has rolled out the Magna MENA (Middle East and North Africa) Fund, What Investment reports. The new vehicle will seek between 30 and 40 holdings with a high allocation at launch to Saudi Arabia, Qatar and Abu Dhabi. The Irish-domiciled Ucits III fund will be run by Mark Krombas, who joined Charlemagne from GLG/ Société Générale Asset Management in 2010. The minimum investment in the fund is €5,000 with a 1.95% initial charge.
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