Fri, Jul 31, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner