Bahrain’s sovereign wealth fund Mumtalakat is looking at equity returns of as high as 15 percent this year, chief executive Talal Al Zain said on Wednesday.
“Our outlook going forward in 2011… we are looking at returns at anywhere from 5 to 15 percent that we expect to generate from shares,” Al Zain told Reuters on the sidelines of the World Economic Forum.
“Our portfolio today is still more heavy on the private equity… We’re looking at shares, we’re looking at hedge funds, we’re looking at fixed income.”
Mumtalakat, which holds Bahrain’s non-oil related companies, is one of the smallest sovereign wealth funds in the Gulf Arab region with assets of about $9.1bn.
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