Hedge Funds Find a Place in the Israeli Investment Universe

Assa Sasson
Oren Freund
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Assa Sasson
Oren Freund

The hedge fund business in Israel is small by American standards − just some $1.6 billion under management − but its assets have grown five-fold over the last six years and it is becoming a preferred line of business for some of the capital market’s leading players. For instance, Yoav Kaplan and Oded Gal quit their long-time jobs as investment managers at IBI Israel Brokerage & Investments last August to set up a hedge fund. Roni Biram and Gil Deutsch, the two founders of Excellence Investment House ‏(now owned by tycoon Yitzhak Tshuva‏) are setting up a fund of their own.

Itamar Eden, left, Nir Peleg, Yitzhak Raab, Danny Tsidon and Uri HershkovitzCredit: David Bachar

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