Fri, Jul 25, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag