Fri, Jul 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Abraaj Capital shareholders launch Menasa Capital Management, to focus on MENASA region

Monday, October 25, 2010
Opalesque Industry Update - Shareholders of Abraaj Capital, the largest private equity group in the MENASA region, today announced the launch of MENASA CAPITAL MANAGEMENT Limited (MCM), an independent asset management house specializing in identifying investment opportunities in the rapidly growing economies of the Middle East, North Africa and South Asia - the “MENASA” region.

Based in Dubai, MCM Chief Executive Officer, Ahmed Nashaat, leads a dedicated team of 12 investment professionals with extensive financial-services experience in the region and globally. Most team members were formerly investment professionals in the public-markets division of Abraaj Capital. Prior to joining MCM, Ahmed was the Middle East regional director for the Permal Group.

Ahmed Nashaat, Chief Executive of MCM, commented: “We believe the combination of our team’s pedigree, our depth of experience as investment managers in the MENASA region and our strong risk management, compliance and operational infrastructure provides us with a competitive advantage. MCM was founded by the same shareholder base as Abraaj Capital but the businesses are completely separate.”

Menasa Capital Management currently manages one multi-strategy fund, as well as a number of segregated accounts. MCM’s flagship multi strategy fund was launched in the third quarter of 2009 and invests in both public equity and fixed-income related instruments in the MENASA region. The group’s current regional focus includes Egypt, Jordan, Saudi Arabia, Kuwait, Morocco, Oman, Qatar, Turkey and the UAE and will also look at opportunities on a selective and opportunistic basis in Algeria, Bahrain, Lebanon, Libya, India, Iraq and Pakistan. MCM currently has $350 million in assets under management. MCM and Abraaj Capital Limited are regulated and authorised by the Dubai Financial Services Authority.

Commenting on investment opportunities in the MENASA region, Ahmed Nashaat said: “MENASA is one the fastest growing regions after China and India. Its growth is driven by an expanding population, economic reform and hydrocarbon producing economies. The growing public equity and debt markets of the MENASA region offer investors potentially high investment returns and the different market drivers offer global asset allocators potentially good diversification benefits.”

Founder and Group CEO of Abraaj Capital, Arif Naqvi said: “We are very excited about the launch of MCM and the opportunities it offers investors looking to invest in the fixed income and equity markets in the MENASA region. In compliance with global best-practices for corporate governance, MCM is structured as a completely independent entity from Abraaj Group, of which Abraaj Capital is a part.”

(press release)


Menasa Capital Management (MCM) is an independent investment management group specializing in fixed income and equity markets and related investment opportunities in the rapidly growing economies of the Middle East, North Africa and South Asia (MENASA) region.

Corporate Social Responsibility is an important part of MCM. The firm intends to contribute 5 per cent of its revenue from management fees to worthy causes in the MENASA region through a dedicated charitable program. www.menasacapital.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.