hit tracker
  • Dubai News
  • Dubai News
For Second Year In A Row At Mena Fund Manager Performance Awards Al Mal Capital PSC Voted ‘UAE Asset Manager Of The Year’

Al Mal Capital PSC, a subsidiary of Dubai Investments and a diversified, multi-line investment institution, was awarded with the 2020 ‘UAE Asset Manager of the Year’ award for the second consecutive year at the annual Mena Fund Manager Performance Awards.

The annual event and ceremony, which was held at Ritz Carlton, DIFC, brought together the regional asset management community to realize and reward funds and asset managers that outperformed their peers over the previous year while sharing best practices, along with highlighting possibilities and potential challenges in the MENA market.

Naser Al Nabulsi, Vice Chairman and CEO at Al Mal Capital, commented on the win and said: “This award ascertains that active portfolio management with the help of a expert team, strong financial strategies, dependable application of investment policy, and processes can constantly outperform. We at Al Mal Capital, appreciate the trust of all our supporters and valued customers throughout the year.”

Al Mal Capital manages diversified funds by way of AZ MENA UCITs Asset Fund and Al Mal UAE Equity Fund as well as advises clients on a range of third-party investments and strategies, thereby catering to various investor needs.

In 2019, Al Mal UAE Equity Fund generated a return of 4.9% vs a return of 0.3% for the S&P UAE Index in the same period, with the alpha recording of 4.7% as a result. Additionally, the AZ MENA UCITs fund generated a return of 8.6% in 2019 vs 8.2% for the S&P Pan Arab Composite Large Cap, creating an alpha of 0.4%

Established in 2005 and headquartered in Dubai, Al Mal Capital provides a broad range of investment products and services for institutions, banks and high net worth individuals, encompassing Investment Banking, Brokerage and Asset Management.

93382

Comment

Plaintext

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type='1 A I'> <li> <dl> <dt> <dd> <h2 id='jump-*'> <h3 id> <h4 id> <h5 id> <h6 id><p>
  • Lines and paragraphs break automatically.