Amwal may look to east Asia in future

One would expect Middle Eastern asset managers to have it made. The Gulf Cooperation Council region is home some of the biggest pools of institutional capital in the world, combined with high and fast-rising per-capita incomes. No such luck. The big asset owners, such as the Abu Dhabi and Qatari sovereign wealth funds, tend to invest heavily outside the region and in any case have large in-house investment teams, which they would call on to buy assets locally. Moreover, wealth…