Headlines
Asset manager Ashmore Group opens Qatar office
Published by Global Banking & Finance Review®
Posted on May 21, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 21, 2025
1 min readLast updated: January 23, 2026
Ashmore Group opens a Qatar office to explore investments and collaborate with the Qatar Investment Authority, enhancing Gulf-focused asset management.
DOHA (Reuters) -British asset manager Ashmore Group has opened an office in Qatar to advise on investment opportunities and build relationships with domestic investors in the wealthy Gulf state, it said on Wednesday.
The office will also provide input on the $200 million Ashmore Qatar Equity Fund (AQEF), which was set up in 2024 with the Qatar Investment Authority (QIA), the state's $500 billion sovereign wealth fund, by re-allocating shares in listed Qatari companies.
The QIA's broader asset management initiative aims to establish partnerships with global asset managers which have a Gulf focus, like Ashmore, and local asset managers which meet the considerations for a QIA investment.
"Since inception to end April 2025, AQEF has delivered a cumulative gross USD return of 18.5% and has outperformed its benchmark index by 345 basis points," Ashmore said in a statement.
Qatar is one of the world's top exporters of liquefied natural gas. Like other Gulf oil and gas exporters, it is trying to diversify its economy away from hydrocarbons, and attract increased foreign investment.
(Reporting by Andrew Mills; Editing by Jamie Freed and Rachna Uppal)
The new office aims to advise on investment opportunities and build relationships with domestic investors in Qatar.
The Ashmore Qatar Equity Fund (AQEF) was established in 2024 with the Qatar Investment Authority and focuses on investment opportunities in Qatar.
Since its inception to the end of April 2025, AQEF has delivered a cumulative gross USD return of 18.5%, outperforming its benchmark index by 345 basis points.
The Qatar Investment Authority aims to establish partnerships with global asset managers that focus on the Gulf region, like Ashmore, as part of its broader asset management initiative.
Qatar is diversifying its economy to reduce reliance on hydrocarbons and to attract increased foreign investment, as it is one of the world's top exporters of liquefied natural gas.
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