Wed, Nov 22, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W